AP: Nevada Remains Most Stressed State in April
Those filing bankruptcy and foreclosures continue to put pressure on Nevada.
An index that takes into account those filing bankruptcy and facing
foreclosure showed some states are feeling more worries than others.
According to the Associated Press' Economic Stress Index, Nevada held the top spot for financial worry with a score of 21.97 in April. The news organization noted that a mark above 11 indicates an area is feeling stressed.
"Nevada remained the most economically stressed state. It suffered the biggest increases in foreclosures and unemployment in April," the AP said. "And it absorbed an increase in bankruptcy filings."
A recent report from the National Bankruptcy Research Center showed that, through May, Nevada had a bankruptcy filing rate that was twice that of the rest of the nation. The U.S. rate for households filing was roughly one in every 175.
While conditions may have remained difficult for Nevada, the AP's report noted that the country's economic stress as a whole reached its lowest level in five months. The average score for the U.S. was 10.6 on the index.
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