A recent WalletHub study shows that Orlando residents are among the most financially distressed in the U.S. On February 19, WalletHub published its rankings of American cities based on financial distress levels.
The study analyzed 100 large cities using nine metrics, including average credit scores, changes in bankruptcy filings from December 2023 to December 2024, and the percentage of residents with accounts in distress, defined as accounts either in forbearance or with deferred payments. Orlando ranked sixth overall, with a score of 65.32.
Orlando has the highest percentage of residents with accounts in distress compared to other cities and ranks in the top 25% for online searches related to “debt” and “loans.” In terms of average credit scores, Orlando ranks 47th.
Other Florida cities in the top 10 include Jacksonville (3rd), Tampa (8th), and Miami (9th). Jacksonville has nearly 16% of its residents with accounts in distress, the highest percentage in the nation.
For those facing financial distress, WalletHub recommends exploring hardship programs, considering debt management, avoiding quick fixes, consolidating debt, steering clear of predatory lenders, and budgeting wisely.
For more details, visit WalletHub’s “Cities with the Most People in Financial Distress” webpage.
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