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.
According to google, Alaska residents get about $1700 a year per person. That’s not nothing, but it’s hardly enough to guarantee financial solvency. It’s probably not even enough to offset the higher cost of living there.
If you have ever been low income, $1700 is enough to get your attention. You know where that money comes from and when you are low income, a sudden in flow of essentially an extra month and a half of salary for a rural person?
Well, you’re paying attention to that. So maybe have some perspective about what that kind of money means to a person who has a shitty truck and a barely adequate house and spends months in it through a long winter.
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.