4 Texas Cities Among the Most Financially Distressed

Times are hard all over, but they’re especially hard for folks in these Texas cities. 

I know firsthand just how easy it is to rack up bad debt. You’re probably wondering if there’s any such thing as good debt. Well, I’m no financial advisor, but every advisor I’ve talked to or read advice from considers your home and auto good debt as they’re the average person’s most valuable assets.

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But just about everything else is considered debt – especially credit card debt. The interest rates are sky high and it’s so easy to break out the credit card and pay for something you don’t need (but really desire) when you don’t have the money for it.

Don’t get me wrong – if you’re a financially disciplined person you can make credit cards work in your favor. If you’re able to pay the card off in full each month, you can rack up some serious reward points and avoid paying interest. However, not everyone is that disciplined. 

More often than not, those little nickel-and-dime charges add up over time and people find themselves in financial distress. That’s when it’s time to consider debt consolidation or, God forbid, bankruptcy. 

Our friends at WalletHub analyzed data from the 100 largest cities in the United States to determine which were the most financially distressed and Houston, Dallas, San Antonio, and Austin were among the 10 cities with the most people experiencing financial distress. Ouch. 

10 Cities with the Most Financial Distress 

1. Houston, TX 
2. Atlanta, Ga 
3. Jacksonville, FL 
4. Dallas, TX 
5. Charlotte, NC 
6. Orlando, FL 
7. San Antonio, TX 
8. Tampa, FL 
9. Miami, FL 
10. Austin, TX 

Read more and get the methodology used for the study at this location.

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