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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WCCO Staff

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March 2, 2026 / 4:26 PM CST
/ CBS Minnesota

A Minneapolis man who pleaded guilty to murdering a high school student in 2022 was sentenced to nearly 30 years in prison on Monday.

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It was the second time Cody Fohrenkam was sentenced for fatally shooting 15-year-old Deshaun Hill. He was convicted and sentenced to more than 38 years in prison in February 2023, but the Minnesota Court of Appeals later reversed the conviction and granted him a retrial based on illegally obtained incriminating statements.

Fohrenkam, 33, agreed to a plea deal as his second trial was set to start, pleading guilty to one count of second-degree intentional murder in exchange for Monday’s 340-month sentence. The judge presiding over the hearing gave him credit for 1,476 days already served.

Fohrenkam shot and killed Hill while Hill was walking to a bus stop just blocks from Minneapolis North High School, where Hill was a star quarterback and honor roll student.

One of Hill’s aunts said in a statement shortly before the judge sentenced Fohrenkam that her nephew was “full of life.”

“When he spoke, you listened. He had a soft spirit and a good heart,” she said. “Deshaun was an artist who, as you all know, he took his education seriously. He had dreams and goals. He worked hard to make his family proud.”

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This story will be updated.

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