Connect with us

Texas

Texas named most financially distressed state in the US for second year in a row

Published

on

Texas named most financially distressed state in the US for second year in a row


HOUSTON – In a report conducted by WalletHub, Texas was revealed to be the number one state in financial distress in the country.

PREVIOUS: Texas named most financially distressed state in America, report says

This would be the second time Texas made the top list after doing so previously in 2024. The figure was established through a survey that asked residents about various metrics, from credit scores to bankruptcy filings.

“Texas is the state experiencing the most financial distress,” said Chip Lupo, an analyst at WalletHub. “(This) is demonstrated by the fact that residents had the ninth-lowest average credit score in the country in Q1 2025.”

Advertisement

It isn’t just a low average credit score that is causing Texas to fare so badly in reports. There are a variety of other metrics where Texas falters when compared to other states.

“Texas also had the third-highest number of accounts in forbearance or with deferred payments per person,” Lupo said. “And, Texas has the seventh-highest share of people with these distressed accounts, at 7.1%.”

Additionally, Texas ranked 6th in the change in number of bankruptcy filings, revealing that financial distress experienced by residents can often result in a drastic outcome. But why are these metrics so important to measure, and what can we take away from the results?

Experts say that reports on fiscal distress can shed light on weak points within a state and point out areas that are in need of improvement.

“Measuring the share of residents in financial distress is a good way to take the pulse of a state and see whether people are generally thriving or having trouble making ends meet,” Lupo said. “When you combine data about people delaying payments with other metrics like bankruptcy filings and credit score changes, it paints a good picture of the overall economic trends of a state.”

Advertisement

Check out the full report by WalletHub by clicking here.

Copyright 2024 by KPRC Click2Houston – All rights reserved.



Source link

Texas

Texas sues Netflix for allegedly spying on kids, addicting users

Published

on

Texas sues Netflix for allegedly spying on kids, addicting users


Netflix was sued Monday (May 11) by Texas Attorney General Ken Paxton, who accused the streaming company of spying on children and other consumers by collecting their data without consent, and designing its platform to be addictive. Ram Nabong reports.



Source link

Continue Reading

Texas

Texas sues Netflix, alleges platform spied on kids and collected data

Published

on

Texas sues Netflix, alleges platform spied on kids and collected data


The state of Texas announced a lawsuit against streaming giant Netflix on Monday, accusing the company of spying on children and other consumers by collecting their data without consent and designing the platform to be addictive.

Texas claims that Netflix has falsely represented to consumers that it didn’t collect or share user data while it actually tracked and sold viewers’ habits and preferences to commercial data brokers and advertising technology companies.

Advertisement

The lawsuit, filed by Texas Attorney General Ken Paxton, claims that “Netflix’s endgame is simple and lucrative: get children and families glued to the screen, harvest their data while they are stuck there, and then monetize the data for a handsome profit.”

The state of Texas announced a lawsuit against streaming giant Netflix on Monday. (Nikos Pekiaridis/NurPhoto via Getty Images)

“When you watch Netflix, Netflix watched you,” Texas added in the lawsuit.

NETFLIX CO-FOUNDER REED HASTINGS TO STEP DOWN, DEPARTURE IS ‘SPOOKING INVESTORS’

Ticker Security Last Change Change %
NFLX NETFLIX INC. 85.39 -2.10 -2.40%

The complaint quotes comments made by former CEO Reed Hastings who said in 2020, while he was still leading the streaming company, that “we don’t collect anything,” amid questions over Big Tech companies’ data collection practices.

Advertisement

Netflix was also accused of quietly using “dark patterns” to keep users watching on its platform, such as an autoplay feature that starts a new show after a different show ends.

NETFLIX RAISES SUBSCRIPTION PRICES ACROSS ALL PLANS

Texas Attorney General Ken Paxton filed the lawsuit. (Cheney Orr/Reuters)

Paxton said in a press release that Netflix “has built a surveillance program designed to illegally collect and profit from Texans’ personal data without their consent, and my office will do everything in our power to stop it.”

The attorney general said he’s charging Netflix under the state’s Deceptive Trade Practices Act and seeks to require Netflix to stop the unlawful collection and disclosure of user data, require Netflix to disable autoplay by default on kid’s profiles, and to secure injunctive relief and civil penalties.

Advertisement

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FOX Business reached out to Netflix for comment.

Reuters contributed to this report.



Source link

Advertisement
Continue Reading

Texas

6 people found dead inside a boxcar in Texas, officials say | CNN

Published

on

6 people found dead inside a boxcar in Texas, officials say | CNN


Six people were found dead inside a cargo train boxcar in a Texas city along the southern border on Sunday, officials said.

The bodies were found in a Union Pacific train at a rail yard in Laredo, around 160 miles south of San Antonio, just after 3:30 p.m. local time, said Jose Espinoza, a public information officer with the Laredo Police Department.

The circumstances of their deaths are unknown, said Laredo police spokesperson Joe Baeza, according to CNN affiliate KGNS, and an investigation is underway.

Union Pacific operates across the border and is the only railroad that services all access points into Mexico, according to the freight company’s website.

Advertisement

Temperatures on Sunday afternoon in Laredo were in the low-mid 90s, though it’s unclear whether heat was a factor.

Union Pacific said it was saddened by the incident and is working closely with law enforcement to investigate.

Laredo police said they received a call around 3 p.m. from an employee at the Union Pacific rail yard, KGNS reported. The bodies were discovered during a routine rail car inspection, police said. No survivors were found.

CNN has reached out to Laredo police for more information.

“It’s a very early phase of the investigation. There’s not a lot to reveal right now,” Baeza said, KGNS reported.

Advertisement

The immigration status and ages of the deceased are not yet known, Espinoza said.

US Customs and Border Protection referred CNN to the Laredo Police Department, saying “The incident remains under investigation by Laredo Police Department and Homeland Security Investigation and Texas Rangers.”

CNN has reached out to the Department of Homeland Security, HSI and the Texas Department of Public Safety.

“It’s a very unfortunate event,” Espinoza told CNN. “It was too many lives that were lost.”

This story has been updated with additional information.

Advertisement



Source link

Continue Reading
Advertisement

Trending