New Jersey cities rank among most financially distressed nationwide

A pair of cities in New Jersey ranked among the cities with the most people in financial distress because of the COVID-19 pandemic.

The new analysis, conducted by WalletHub, ranked Newark at No. 96 and Jersey City at No. 98.

Because of the pandemic, “people are struggling financially,” and that means “people are finding it difficult to meet their current financial obligations,” WalletHub analyst Jill Gonzalez said in an email.

“This can lead to drops in credit score, being late on their bill payments, racking up more debt, or even filing for
Read more…

Please follow and like us: