Texas ranks fourth overall among states with the most people in financial distress, according to a new study by personal finance company WalletHub.

To determine the financial hardship of residents of each state, WalletHub used nine metrics, including credit scores, number of people with "accounts in distress," increases in the number of bankruptcy filings and the frequency with which people used the internet to search terms including "debt" and "loans." Sign up The Lone Star State performed its worst in bankruptcy filings, ranking fourth for its jump in filings from 2025 to 2026.

The state also ranked eighth overall for the highest search interest for "loans." Chip Lupo, an analyst at WalletHub, said assessing the financial distress of a state's residents can be a good indicator of its overall financial health and how people feel about their finances.