Minneapolis, MN
Minneapolis Ranked Among U.S. Cities With The Most People In Financial Distress
MINNEAPOLIS — Minneapolis is ranked among the American cities with the most people in financial distress nationwide, according to a recent analysis by WalletHub.
The personal finance website, which defines financial distress as having a credit account in forbearance or with deferred payments, looked at the country’s 100 largest cities without data limitations across nine metrics, including average credit score, change in bankruptcy filings year-over-year, and share of people with accounts in distress.
Minneapolis came in 44th on the list, between Stockton, California, at 43rd and Fresno, California, at 45th, according to the ranking.
Nationwide, the cities with the most people in financial distress were Chicago at No. 1, Houston at No. 2 and Las Vegas at No. 3, the ranking said.
“Getting out of the downward spiral of financial distress is no easy feat,” according to WalletHub analyst Chip Lupo.
“You may get temporary relief from your lenders by not having to make payments, but all the while interest will keep building up, making the debt even harder to pay off. People who find themselves in financial distress should budget carefully, cut non-essential expenses, and pursue strategies like debt consolidation or debt management to get their situation under control.”
Read more from WalletHub.
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One person is dead and eight others are hurt in a string of weekend shootings across Minneapolis.
Police say the first shooting occurred Friday around 5 p.m. near North Humboldt and 26th avenues. A man was outside of his home when shots rang out, leaving him with multiple gunshot wounds.
Around 9:35 p.m. Friday, two men were shot outside in the area of north Lowry and Logan avenues.
Just after 12:30 a.m. Saturday, a man was found shot in an alley near Mortimer’s Bar and Restaurant off South Lyndale and Franklin avenues. He told police he was outside walking when he was hit.
Just before 12:50 a.m. Saturday, police say a man outside was shot near North Penn Avenue, just north of Highway 55, by someone driving by.
Around 1:50 a.m. Saturday, a man suffering from gunshot wounds showed up at Hennepin Healthcare, with police later determining he was shot in the area of North Lyndale and 45th avenues.
Just after 3:30 a.m. Saturday, a man showed up to Children’s Minneapolis hospital with a gunshot wound he said occurred when he was asleep inside his vehicle.
On Sunday around 1 a.m., a man was found laying on the ground near Bloomington Avenue and East 24th Street. He was brought to Hennepin Healthcare where he later died. Police say investigators “located evidence of gunfire, including a firearm recovered next to the man who died.”
On Sunday just before 1:30 a.m., a 15-year-old girl was shot in the area of Hennepin and Laurel avenues in downtown. Two boys, ages 14 and 15, were soon arrested in connection to the shooting.
And just before 1:50 a.m. Sunday, a man was found shot inside a business off Northeast Lowry Avenue and Fourth Street Northeast. Investigators believe the shooting began as an altercation in the business’s parking lot.
With the exception of the shooting of the 15-year-old girl, police say no arrests have been made in any of the cases. All surviving victims have injuries described by police as non-life threatening.
Anyone with information on any of these shootings can submit an anonymous tip online to Crime Stoppers, or call 1-800-222-TIPS (8477).
A shooting in north Minneapolis injured a man near Penn Avenue.
According to the Minneapolis Police Department, officers responded to a shooting near the 700th block of Penn Avenue North, where they found a man with a gunshot wound.
Authorities said preliminary information shows that the man was outside when the shooting happened, possibly coming from a vehicle. A nearby hospital treated the man for non-life-threatening injuries.
Police are still investigating, with a forensic team collecting evidence from the scene. Officers said no arrests have been made.
This is a developing story; check back for updates.
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