JACKSON, Miss. (WJTV) – An annual analysis again reveals that the financial health of many residents is poor and deteriorating.
Financial disparities have plagued the state for years. Last year, WalletHub ranked Mississippi as the state with the most people delinquent on debt. More than 12.7% of individual loans and lines of credit in the state were delinquent in early 2024; Mississippi residents were also delinquent on 10.9% of their overall debt. WalletHub revealed 12% and 20% increases in both categories for 2025, respectively.
The 14.27% of individual loans and lines of credit in default and the 13.1% of Mississippians delinquent on overall debt are more drastic than the 2024 numbers. Considering existing economic conditions in the state and new economic changes nationally, the findings are not surprising.
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In January, WalletHub revealed that Mississippi and Arkansas are the only two states with average credit scores below 640 among their residents. One of the biggest contributors to one’s credit score is timely payments of outstanding debts…