July 17. According to a nationwide WalletHub survey, North Carolina is the eighth most financially distressed state, with more personal financial troubles than 42 other states.

North Carolina’s Financial Distress (1=Most Distressed; 25=Average.):

15th – Average Credit Score (March 2024)
27th – Change in the Average Number of Accounts in Distress – Q1 2024 vs. Q1 2023
11th – Change in Number of Bankruptcy Filings – March 2024 vs. March 2023

Michigan residents are the most financially distressed people in the country. In Q1 2024, Michigan had the most accounts per person in financial distress, meaning accounts where the account holder was temporarily allowed to not make payments due to financial difficulty. Michigan also had the second-highest increase in the share of people with distressed accounts between Q1 2023 and Q1 2024, at over 70 percent.

To read the full report, click here.

Source: WalletHub