Florida is now one of the most financially stressed states in the country, second only to another Southern state, according to a new report by WalletHub, which defines financial distress as having credit in forbearance or deferring payments due to financial difficulty.

“When you combine data about people delaying payments with other metrics like bankruptcy filings and credit score changes, it paints a good picture of the overall economic trends of a state,” WalletHub analyst Chip Lupo said about the findings.

  • HubertManne@piefed.social
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    1 day ago

    you missed the higher cost of living remark. Cost of living there is only ever beaten out by hawaii, california, and new york. if your completely at 0 and on the streets then its going to make a big difference but if that person with the shitty truck and barely adequate house could pay less for most everything and might actually do better in alabama. Now granted without it the high cost of living would not be appreciably lower so its effect is massive just maybe not massive enough to make up for the cost of living there.

    • porksnort@slrpnk.net
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      22 hours ago

      Nah, didn’t miss it. We are just talking past each other as happens online, nbd. $1.7k is surely not enough to live on. Yet, it can make a huge difference to a low income person.

      I do not know your circumstances, poverty is a unique experience that people who grew up with even just a tiny bit more security seem to not truly understand. We have sayings like ‘grinding poverty’ for a reason. IYKYK.

    • SkyezOpen@lemmy.world
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      1 day ago

      Yeah I’m pretty sure it costs more than 1700 just to keep your house a livable temperature throughout the year. Gamed fairly regularly with a dude in Alaska and he had to get heating oil like once a month and it was something like 300 bucks to fill if I remember correctly.