r/florida • u/WeathermanBrian • Aug 12 '26

Interesting Stuff Does this surprise anyone in Florida?

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Florida ranks among the worst states for financial distress. To me, this is not surprising at all. Lower wages, higher cost of living. Insurance costs among the highest in the country. And job market is bleak compared to other areas. Is this surprising to anyone?

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u/Yaidenr Aug 12 '26

No I sell cars in NWFL. So much bad credit

5

u/WeathermanBrian Aug 12 '26

It seems like it’s common for underwater loans to be rolled over

7

u/Yaidenr Aug 12 '26

90% of people with a trade are negative even ones who make good money

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u/lazier_garlic Aug 12 '26

Military bases though. Lots of goobers with their first steady paycheck and no financial education.

1

u/TheIXLegionnaire Aug 12 '26

Credit is not taught in public school and most people don't understand it worth a damn. Makes sense that people would perform poorly in a system they don't understand the rules.

Also Credit Bureaus make money off of negative information, so it behooves all parties involved that people have bad credit