The Associated Press' monthly economic analysis is out for May of this year and it confirms what many of you are feeling everyday: People are stressed out about their finances.
According to the survey, the most stressed states are California, Michigan and South Carolina.
Across the country, stress is up slightly from April. From the report:
California has been battered by the housing bust, and Michigan has absorbed the brunt of the auto industry crisis.
"And South Carolina is a little bit of everything," said Sean Snaith, economics professor at the University of Central Florida. "Manufacturing and construction jobs have been hard hit in the state."
One common thread running through all three states is heavy jobs losses. Rising unemployment, in turn, is escalating foreclosures and bankruptcies.
Other states under intense financial stress include Oregon, Indiana and Tennessee. Las Vegas continues to be one of the most financially stressed cities.
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Tags: bankruptcy, financial stress
This entry was posted on Monday, July 6th, 2009 at 2:53 pm and is filed under Bankruptcy News and Events. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
It really is hard when you are uncertain of the future. The most important thing you can do is take care of yourself. You won’t be able to get out there and make more money if you are stressed!
Thanks for sharing such great post, due to recession there are many people who are undergoing financial crisis, they have stress of managing their funds effectively and fear of loosing job.