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The CredAbility consumer distress index tracks the financial condition of American households, says the publication Business Insider. There are five categories in the index: employment, housing, credit, household budgets and net worth. Overall, U.S. households scored 71.3%. A score below 70% indicates a states of financial distress. The San Diego metro area comes in at 67.1% and thus makes the distressed list. Many on that list are not surprising: Detroit, Cleveland, Phoenix, Miami, Las Vegas, and Riverside. Others joining San Diego are a bit surprising: Chicago, Seattle, and Los Angeles.
The CredAbility consumer distress index tracks the financial condition of American households, says the publication Business Insider. There are five categories in the index: employment, housing, credit, household budgets and net worth. Overall, U.S. households scored 71.3%. A score below 70% indicates a states of financial distress. The San Diego metro area comes in at 67.1% and thus makes the distressed list. Many on that list are not surprising: Detroit, Cleveland, Phoenix, Miami, Las Vegas, and Riverside. Others joining San Diego are a bit surprising: Chicago, Seattle, and Los Angeles.