ARIZONA NEWS

Phoenix ranks as 6th most financially distressed US city during COVID-19

Nov 1, 2020, 9:56 AM | Updated: 10:56 am
(KTAR News Photo/Matt Bertram)...
(KTAR News Photo/Matt Bertram)
(KTAR News Photo/Matt Bertram)

PHOENIX — Many have struggled to navigate the murky economic waters that the coronavirus has created, but very few have been impacted like the city of Phoenix.

That’s what research group WalletHub.com has determined in a recent study that ranks Phoenix sixth in people with the most financial distress during COVID-19.

Phoenix comes in behind Las Vegas, Chicago, Houston, San Antonio and Dallas.

Concern by people in Phoenix caused high search interest for loans and debt consolidation as the website ranked the city eighth and fifth in both categories, respectively.

The high score was also bolstered by having the 15th most bankruptcy filings and 18th worst credit scores.

In terms of rankings by actual distress, Phoenix finished in the middle of the pack. The city came in at No. 48 for accounts in distress and No. 57 for people in distress.

The survey took into account the 100 largest cities in the country.

Other cities in the Valley made the list with Mesa coming in at No. 23 and Glendale at No. 49.

Chandler and Gilbert were ranked side-by-side at No. 73 and No. 74, respectively, and Scottsdale came in at No. 95 as one of the least impacted cities in the country.

The city with the least amount of financial distress was Anchorage, AK.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Facebook File Photo/Phoenix Police Department)...
KTAR.com

Police investigate Phoenix hit-and-run that left pedestrian dead

Police are investigating a Phoenix hit-and-run after a pedestrian crossing the street was killed on Sunday evening.
24 hours ago
Katie Hobbs, the Democratic governor-elect and current secretary of state, signs the official certi...
KTAR.com

Arizona Sec. of State Hobbs requests recount of 3 election races

Arizona Secretary of State Katie Hobbs requested on Monday evening a recount of three general election races.
24 hours ago
(File Photo by Mark Kolbe/Getty Images)...
Associated Press

Fugitive since 2013 arrested in Mexico, extradited to Arizona

The FBI says a fugitive wanted for his involvement in a criminal drug enterprise has been extradited from Mexico and returned to Tucson.
24 hours ago
(Facebook Photo/Morgan Wallen)...
KTAR.com

Country artist Morgan Wallen to perform next year at Chase Field in downtown Phoenix

Country artist Morgan Wallen announced last week an upcoming stop in the Valley for his 2023 world tour.
24 hours ago
(Photo by Norm Hall/Getty Images)...
Danny Shapiro

Ron Wolfley expects Patriots to corner Kyler Murray, run the ball against Cardinals

Cardinals radio personality and Arizona Sports host Ron Wolfley has ideas on how the Patriots will play the Cardinals next Monday.
24 hours ago
Arizona Supreme Court Chief Justice Robert Brutinel, left, signs the official Arizona general elect...
Kevin Stone

Arizona certifies 2022 election, setting stage for lawsuits, recounts

Arizona Secretary of State Katie Hobbs certified the state's 2022 general election Monday, but it doesn’t close the books on the midterms.
24 hours ago

Sponsored Articles

(Desert Institute for Spine Care photo)...
DESERT INSTITUTE FOR SPINE CARE

Why DISC is world renowned for back and neck pain treatments

Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease.
...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
...
Day & Night Air Conditioning, Heating and Plumbing

Ways to prevent clogged drains and what to do if you’re too late

While there are a variety of ways to prevent clogged drains, it's equally as important to know what to do when you're already too late.
Phoenix ranks as 6th most financially distressed US city during COVID-19