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Started By
Message
re: Texas #1 financially distressed US state, followed by Florida, and Louisiana
Posted on 8/21/25 at 3:09 pm to Shexter
Posted on 8/21/25 at 3:09 pm to Shexter
quote:
. The states that are best off? That honor goes to Hawaii, followed by Vermont, Alaska, Oregon and New Mexico.
Lol Alaska, New Mexico, Hawaii are three states that have the highest government assistance/Welfare in the entire nation. Some made up bullshite to make good states look bad.
Eta: well almost good states Louisiana is sketchy AF
This post was edited on 8/21/25 at 3:12 pm
1
Posted on 8/21/25 at 3:12 pm to Philzilla2k
quote:
It’s Marxist propaganda readily consumed by the progressive masses. Wishcasting.
Wallet hub is Marxist propaganda? Jesus christ, dude.
This post was edited on 8/21/25 at 3:17 pm
Posted on 8/21/25 at 3:18 pm to TooFyeToFly
Brainwashed
Posted on 8/21/25 at 3:21 pm to FLBooGoTigs1
quote:
Alaska, New Mexico, Hawaii are three states that have the highest government assistance/Welfare in the entire nation
So they probably have horrible credit, therefore unable to acquire a credit card to charge up debt.
Posted on 8/21/25 at 3:52 pm to Shexter
We have entered a prolonged downturn in chemical manufacturing already. a lot of contracts have been slashed Sales are down globally. There are some niche markets doing well One client, which makes generic herbicides and pesticides has increased its sales, even exports
Posted on 8/21/25 at 4:08 pm to Shexter
What else does Louisiana have a lot of?
Oh yeah, the demographic with historically bad credit.
Oh yeah, the demographic with historically bad credit.
Posted on 8/21/25 at 4:11 pm to TooFyeToFly
quote:
Wallet hub is Marxist propaganda? Jesus christ, dude.
Well, it is being framed as a red vs blue state thing. Purely political.
But the largest cities in Louisiana are blue. So, if we split Louisiana into red and blue cities, how does that look? Probably not the way wallet hub wants it.
California has the largest homeless population in the entire country. But I'm more financially distressed. bullshite.
This post was edited on 8/21/25 at 4:14 pm
Posted on 8/21/25 at 4:14 pm to dgnx6
quote:
But the largest cities in Louisiana are blue. So, if we split Louisiana into red and blue cities, how does that look?
The poorest of the poor will be in the red parishes
Those are just facts
Posted on 8/21/25 at 4:21 pm to dgnx6
Any financial list that has New Mexico and West Virginia on top and Texas and Florida on the bottom is going to involve some fuzzy math and cherry picked data. This is click bait.
But hey, it's pretty cool to think that maybe that alcoholic living in a dirt floor shack on an Indian reservation is actually better off than that real estate developer in Florida! Numbers don't lie!
Posted on 8/21/25 at 4:43 pm to SuperSaint
quote:
the Dallas thirty-thousand-ionaire has been a thing for a long time
I had to look that up and 2nd result was from urban dictionary:
quote:
thirty thousandaire
n. someone who lives above their means or wants people to think they are rich. prevalent in Dallas, Texas.
Sam's not rich. He leases that Beamer and rents that condo. He's a thirty thousandaire.
by MDub November 08, 2005
Posted on 8/21/25 at 5:09 pm to Masterag
quote:
it is the fault of liberals. they screw up their own states, move South and inflate the state economy
Lol, cope
Posted on 8/21/25 at 5:15 pm to Shexter
I am not surprised. They spend half their paycheck to property taxes. All poors except the cattle ranchers. They are making money hand over fist.
Posted on 8/21/25 at 5:45 pm to Shexter
Hawaii was 4th worst with credit scores but in the 40s with distressed accounts and increased bankruptcies over prior March. Maybe they just can’t open any accounts…
Not sure how this measurement is valid without including number of accounts not in distress or some per capita addition. Maybe it just needs to be completely transparent on exactly what is being averaged. It says Texas has 3rd highest number of accounts per person, but none of the rankings actually have them 3rd. What is being averaged?
It doesn’t really add much to the Debt and loan searching besides the below and the statements like the one for Texas which doesn’t 100% show what he says it does. It’s from Google Trends. The better states all have fairly low search searches which seems funky compared to some other rankings of same states. Maybe they just don’t give a frick because govt will save them. These are likely what’s keeping California from being in top 5.
For this one I just want to know more about “share of people”. Is it just share of people with distresses accounts of all the people in the state or is it share of all people with accounts in distress across the country like it seems to state?
Below is how all are weighted. Both single word Searches being on par with the rest seems questionable especially based on Google Trends.
There is a ton of subjectivity in this with what is chosen to use in calculations and how to weight them, but there is also not nearly enough transparency on the actual data collected that is then used in calculations for rankings. A couple of the descriptions of calculations and factors in them are a little ambiguous on what data is being averaged or compared.
People working with company to get forbearance or payments deferred, which are the only “distressed” accounts being used in calculations, are probably doing better than those ignoring it or blowing up multiple credit cards. Forbearance is usually for student loans and mortgages. Their “distressed” numbers are from Q1 2025 for an article done in mid July.
It’s click bait.
Not sure how this measurement is valid without including number of accounts not in distress or some per capita addition. Maybe it just needs to be completely transparent on exactly what is being averaged. It says Texas has 3rd highest number of accounts per person, but none of the rankings actually have them 3rd. What is being averaged?
quote:
Average Number of Accounts in Distress – Total Points: 16.66
Average Number of Accounts in Distress in Q1 2025: Full Weight (~8.33 Points)
Change in the Average Number of Accounts in Distress - Q1 2025 vs. Q1 2024: Full Weight (~8.33 Points)
It doesn’t really add much to the Debt and loan searching besides the below and the statements like the one for Texas which doesn’t 100% show what he says it does. It’s from Google Trends. The better states all have fairly low search searches which seems funky compared to some other rankings of same states. Maybe they just don’t give a frick because govt will save them. These are likely what’s keeping California from being in top 5.
quote:
“Debt” Search Interest Index – Total Points: 16.66
“Loans” Search Interest Index – Total Points: 16.66
Texans also search Google for “debt” and “loans” at a high rate, which shows that many people are desperate to borrow, despite already owing money.
For this one I just want to know more about “share of people”. Is it just share of people with distresses accounts of all the people in the state or is it share of all people with accounts in distress across the country like it seems to state?
quote:
People with Accounts in Distress – Total Points: 16.66
Share of People with Accounts in Distress in Q1 2025: Full Weight (~8.33 Points)
Change in the Share of People with Accounts in Distress - Q1 2025 vs. Q1 2024: Full Weight (~8.33 Points)
quote:
Sources: Data used to create this ranking were collected as of June 17, 2025 from the Administrative Office of the U.S. Courts, TransUnion, Google Trends and WalletHub database.
Below is how all are weighted. Both single word Searches being on par with the rest seems questionable especially based on Google Trends.
quote:
Credit Score – Total Points: 16.66
Average Credit Score March: Double Weight (~11.11 Points)
Change in Credit Score - March 2025 vs. March 2024: Full Weight (~5.55 Points)
People with Accounts in Distress – Total Points: 16.66
Share of People with Accounts in Distress in Q1 2025: Full Weight (~8.33 Points)
Change in the Share of People with Accounts in Distress - Q1 2025 vs. Q1 2024: Full Weight (~8.33 Points)
Average Number of Accounts in Distress – Total Points: 16.66
Average Number of Accounts in Distress in Q1 2025: Full Weight (~8.33 Points)
Change in the Average Number of Accounts in Distress - Q1 2025 vs. Q1 2024: Full Weight (~8.33 Points)
Change in Bankruptcy Filings March 2025 vs. March 2024 – Total Points: 16.66
“Debt” Search Interest Index – Total Points: 16.66
“Loans” Search Interest Index – Total Points: 16.66
There is a ton of subjectivity in this with what is chosen to use in calculations and how to weight them, but there is also not nearly enough transparency on the actual data collected that is then used in calculations for rankings. A couple of the descriptions of calculations and factors in them are a little ambiguous on what data is being averaged or compared.
People working with company to get forbearance or payments deferred, which are the only “distressed” accounts being used in calculations, are probably doing better than those ignoring it or blowing up multiple credit cards. Forbearance is usually for student loans and mortgages. Their “distressed” numbers are from Q1 2025 for an article done in mid July.
It’s click bait.
This post was edited on 8/21/25 at 6:13 pm
Posted on 8/21/25 at 6:52 pm to Shexter
It ain’t cheap to be an urban cowboy.
Posted on 8/21/25 at 7:03 pm to Shexter
Costs money to make sure your wife is happy with staying 1 step ahead of what the neighbor owns.
Posted on 8/21/25 at 7:06 pm to Artificial Ignorance
quote:Friend of mine laughed when I rolled up at a gathering in my '24 Kia Forte GT that I paid cash for. He pointed to his F-150 and asked me why I'm not driving one of those anymore - I asked him how life is handing over the majority of his paychecks to credit companies and he immediately shut up.
I am looking out over a parking lot. Worst car in lot is mine, a mid sized Japanese brand. More Land Rovers, Mercedes, BMWs than can count and even 1 Ferrari. Mostly made up of late 20 to early 40 yo’s. Lots loving the beautiful people life or so it appears.
I worked my arse off to be debt-free and refuse to live with debt ever again. IDGAF if I have to drive a tiny car the rest of my life, I'm not going in debt to live up to other people's standards.
Posted on 8/21/25 at 8:34 pm to Shexter
Travel ball is expensive. Just wait until football season starts and I can pay it off with my gambling winnings. I'll get the King Ranch out of the repo yard and the house out of foreclosure and everything will be fine.
Posted on 8/21/25 at 10:17 pm to LongDucDong911
quote:
And yet they continue to support Trump and blame liberals.
I don’t give a frick who’s president. I work my arse off and no matter who’s president I alll ways and up winning.
shite may go down but it always comes back up.
This post was edited on 8/21/25 at 10:23 pm
Posted on 8/21/25 at 10:27 pm to Topwater Trout
quote:
i would have thought california would have been number 1 with how high the cost of living is
Yeah, but the average person gets paid more. I think this is pretty complicated metric to get right.
Posted on 8/21/25 at 10:32 pm to 03 West CoChamps
quote:
Travel Baseball isn't going to pay for itself.
Yep. They need to cross tab these stats with percentage of families with a kid in coach pitch travel ball
I bet you find some correlation
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