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The 25 Most Financially Distressed Cities in America
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We all know that Americans have been through a lot of financial difficulties in recent years, between periods of high unemployment, high inflation, and a pandemic, Although conditions have significantly improved, many people still are in financial distress, which WalletHub defines as having a credit account that is in forbearance or has its payments deferred, meaning the account holder is temporarily allowed to not make payments due to financial difficulties.
In this episode, Scott discusses the Top 25 Cities in Financial Distress based on the current article by Wallet Hub. He shares which cities are on the list and which cities he was surprised to see make the top 25. Scott also breaks down how to use such a list to identify opportunities as a real estate and note investor and how to use this information when it comes to researching and investing in notes or real estate.
Watch the original video HERE1
Check out the full article HERE!
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