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The 20 Most Distressed Cities In America


mortgage, crying, Milliken, Colorado

Many American consumers have begun to recover from the Great Recession.

And for the first time since 2008 U.S. household finances have emerged from financial distress for two quarters in a row, according to the latest consumer distress index by CredAbility.

Overall, American households households scored a 70.5 in the third quarter. A score below 70 percent indicates a state of financial distress.

The index did however show small deterioration in measures of employment, housing, household budget and net worth.

We pulled the 20 American cities the still remain in the distressed category.

Note: The report measures financial distress in households in metro areas with a population of over 2 million. CredAbility's consumer distress index tracks the financial conditions of American household by measuring five categories: employment, housing, credit, household budgets and net worth.

Los Angeles-Long Beach-Santa Ana, California

Total: 66.40%

Employment: 42.99%

Housing: 65.22%

Credit: 82.93%

Net worth: 66.17%

A score below 70% indicates distress, according toCredAbility.

Allentown-Bethlehem-Easton, Pennsylvania

Total: 66.32%

Employment: 53.56%

Housing: 68.74%

Credit: 84.31%

Net worth: 58.62%

A score below 70% indicates distress, according to CredAbility.

Tucson, Arizona

Total: 66.17%

Employment: 57.40%

Housing: 60.75%

Credit: 82.29%

Net worth: 61.29%

A score below 70% indicates distress, according toCredAbility.

See the rest of the story at Business Insider

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