Who could have thought, at the beginning of the year, that we’d reach unprecedented levels of unemployment in the U.S? Trying to make ends meet has become a daily occurrence for millions of Americans, with 31% of people earning between $25,000 and $124,999 taking major cuts to their wages. Of those, a further 27% are struggling to pay their bills, according to a survey by the Rand Corporation.
Times are tough, but residents of certain states are doing better than others. We have to keep in mind that even prior to 2020, a lot of states were struggling with debt. In came the Coronavirus pandemic and just made matters worse.
So, today we want to look at the states that have it the worst based on data from the U.S. Census Bureau and the “Financial State of the States 2020” report compiled by Truth in Accounting. Together, we hope to get a better look at our economy!