Louisiana residents face serious financial distress, WalletHub says. Here’s where it ranks
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Louisiana residents face serious financial distress, WalletHub says. Here’s where it ranks
Louisiana among states with the most people in financial distress according to WalletHub. WalletHub compared the 50 states across metrics such as average credit score, bankruptcy filings. Louisiana residents have the highest number of distressed accounts per person, WalletHub says. No. 1 Texas faces the most distress, while states like Alaska, Vermont and Hawaii are better off with financial burdens, Wallet Hub says.. Louisiana ranks among the top states for Google searches relating to “loans,” reflecting a growing concern about personal finances.
Such difficulties have led to many people ending up in financial distress, which includes having a credit account that is in forbearance or having payments deferred.
In order to find out where financial difficulties are most pronounced, WalletHub has compared the 50 states across metrics such as average credit score, the change in the number of bankruptcy filings between March 2024 and March 2025, as well as the share of people with accounts in distress.
Louisiana among states with the most people in financial distress according to WalletHub
In WalletHub’s study, Louisiana is the state in the third-most financial distress, ranking seventh for people with accounts in distress, one for the average number of accounts in distress and 31 for change in bankruptcy filings March 2025 vs. March 2024.
This means that Louisiana residents have the highest number of distressed accounts per person, according to WalletHub.
Additionally, Louisiana ranked 22 for “debt” search interest index and two for “loans” search interest index. This means that Louisiana ranks among the top states for Google searches relating to “loans,” reflecting a growing concern about personal finances.
Louisiana residents have the third-lowest credit score in the U.S., and around 11.8% of residents, the highest share in the country, have a credit account in forbearance or with deferred payments.
States with the most and least people in financial distress
No. 1 Texas faces the most distress, while states like Alaska, Vermont and Hawaii are better off with financial burdens, WalletHub says.
Texas Florida Louisiana Nevada South Carolina Oklahoma North Carolina Mississippi Kentucky Alabama Arizona California Georgia Delaware Indiana Ohio Tennessee Virginia New York Arkansas Colorado Iowa Idaho Connecticut Missouri Kansas New Hampshire Minnesota Montana Massachusetts Utah Pennsylvania Nebraska North Dakota Wyoming Washington Illinois South Dakota Rhode Island Michigan Wisconsin Maryland Maine New Jersey West Virginia New Mexico Oregon Alaska Vermont Hawaii
Presley Bo Tyler is a reporter for the Louisiana Deep South Connect Team for Gannett/USA Today. Find her on X @PresleyTyler02 and email at PTyler@Gannett.com