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.
A recent FOX 9 investigation found that Medicaid fraudsters owe millions but pay back little with several other defendants discharged from probation after making either minimal or no payments towards their court-imposed debts.
A homicide investigation is underway after a person was found shot to death inside a car parked along the Mississippi River, the Minneapolis Park Police Department said.
Around 6:40 a.m. Sunday, officers from Minneapolis Park police and the city’s police department responded to a report of a body in a car at Mill Ruins Park. They found an adult with a fatal gunshot wound at the scene, as well as a firearm.
The Minneapolis Police Department’s Homicide Unit is investigating.
Police said the Hennepin County medical examiner will determine the manner and cause of death, as well as the person’s identity.
A teacher at Prairie Seeds Academy in Brooklyn Park is canoeing 1,000 miles down the Mississippi River to help students reconnect with nature, while raising $20,000 for students affected by the federal immigration crackdown in the process. FOX 9’s Maury Glover has the story.
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