Feeling Financially Stressed? If You Live In Lubbock, You Aren’t Alone
If you have been feeling stressed out financially in 2020, don't worry because you are not alone. In face, a new study has ranked Lubbock as one of the most financially stressed cities in the United States.
Accordng to SmartAsset.com, a poll from the National Endowment for Financial Education found that nearly 9 in 10 Americans agree that the coronavirus pandemic has kicked up their stress levels when it comes to finances. That makes sense since most people have been impacted one way or the other by the pandemic.
SmartAsset set out to find which U.S. cities were dealing with the most financial stress by comparing 99 of the largest cities in the nation by measuring different categories.
We compared data for 99 of the largest U.S. cities across the following eight metrics: unemployment rate, percentage of the population living below the poverty line, percentage of households severely burdened by housing costs, recent housing insecurity, recent food insufficiency, percentage of the population who reported not seeing a doctor because of cost, four-year change in median household income and divorce rate. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below.
In 2019, Lubbock didn't make the top 25 list, which again isn't really a list you want to make. In 2020, that changed. Lubbock tied Los Angeles, California and Tulsa, Oklahoma, at number 22 out of the top 25.
The most financially stressed out city? New Orleans, Louisiana. The State of Texas seems to be pretty stressed financially. 8 Texas cities make the top 25 and 5 of those were in the top 10. El Paso ranked fourth on the list with Corpus Christi, Houston, San Antonio, and Laredo wrapping up the top 10 at 7,8,9, and 10.
Find out more by visiting smartasset.com.