The 10 Most Distressed Cities In America

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Photo: John Moore/Getty Images

American consumers are in the best financial shape they’ve been in since the third quarter of 2008, according to the latest report from CredAbility.But high unemployment and difficulty paying for housing are two major reasons that so many American cities continue to be in distress.

CredAbility’s consumer distress index tracks the financial conditions of American household by measuring five categories: employment, housing, credit, household budgets and net worth. A score below 70% indicates a state of financial distress.

We pulled the 10 American metropolitan areas with the highest financial distress scores, and included the sub-scores for housing, credit, employment, and net worth, to give a more granular sense of the nature of their distress.

Note: The report measures financial distress in households in the America’s 25 largest metro areas.

Philadelphia-Camden-Wilmington

Total: 65.11%

Employment: 51.43%

Housing: 54.67%

Credit: 84.11%

Net worth: 60.51%

A score below 70% indicates distress, according to CredAbility.

Chicago-Joliet-Naperville

Total: 64.59%

Employment: 48.02%

Housing: 57.52%

Credit: 79.90%

Net worth: 63.07%

A score below 70% indicates distress, according to CredAbility.

St. Louis

Total: 64.24%

Employment: 50.87%

Housing: 60.73%

Credit: 80.73%

Net worth: 60.99%

A score below 70% indicates distress, according to CredAbility.

Cleveland-Elyria-Mentor

Total: 64.12%

Employment: 56.15%

Housing: 58.64%

Credit: 78.37%

Net worth: 59.57%

A score below 70% indicates distress, according to CredAbility.

San Diego-Carlsbad-San Marcos

Total: 63.47%

Employment: 46.06%

Housing: 58.53%

Credit: 74.30%

Net worth: 63.25%

A score below 70% indicates distress, according to CredAbility.

Los Angeles-Long Beach-Santa Ana

Total: 62.67%

Employment: 39.48%

Housing: 57.73%

Credit: 74.71%

Net worth: 65.21%

A score below 70% indicates distress, according to CredAbility.

Atlanta-Sandy Springs-Marietta

Total: 62.55%

Employment: 49.46%

Housing: 51.67%

Credit: 75.67%

Net worth: 62.22%

A score below 70% indicates distress, according to CredAbility.

Miami-Fort Lauderdale-Pompano Beach

Total: 61.54%

Employment: 49.52%

Housing: 48.21%

Credit: 72.58%

Net worth: 64.27%

A score below 70% indicates distress, according to CredAbility.

Detroit-Warren-Livonia

Total: 59.96%

Employment: 40.61%

Housing: 49.94%

Credit: 79.58%

Net worth: 62.31%

A score below 70% indicates distress, according to CredAbility.

Tampa-St. Petersburg-Clearwater

Total: 57.87%

Employment: 46.72%

Housing: 42.92%

Credit: 74.57%

Net worth: 59.99%

A score below 70% indicates distress, according to CredAbility.

Now check out the most miserable cities in the country....

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