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.
Alaska’s high rating could very well have something to do with the Permanent Dividend Fund that every resident receives.
But honestly, this ranking does feel like just another way to keep the masses arguing amongst themselves over which political ideology or state is right; rather than focusing efforts on the ones at the very top sucking up all the wealth from the rest of us.
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.