Chicago and Houston Top List of Cities with Most Financial Distress
• Chicago and Houston rank highest for citizens in financial distress according to a WalletHub analysis of 100 cities. The study looked at factors like bankruptcy filings, credit scores, and online searches about debt.
• New York and Los Angeles also scored very high for financial distress, ranking 3rd and 4th on the list.
• Boise, Idaho had the fewest people in financial trouble out of the 100 cities.
• Experts say rising inflation and interest rates are putting urban consumers, especially in cities like Chicago and Houston, under more financial strain.
• Other cities in the top 10 for financial distress are Dallas, Las Vegas, San Antonio, Atlanta, Riverside, and Jacksonville.