The AP Economic Stress Index uses a scale of 1 to 100, with 1 the best and 100 the worst. The score is based on bankruptcy, unemployment, and foreclosure rates. Nevada as a whole cames in with 22.1, followed by Michigan, California, Florida, and Arizona. Residents of North Dakota, South Dakota, Nebraska, Vermont, and Wyoming are relatively stress-free.
Here are Nevada's numbers, compared to the nation...
- Unemployment: Nevada - 14.2%, U.S. - 9.5%
- Foreclosure Rate: Nevada - 1 in 82, U.S. - 1 in 397
- Bankruptcy: Nevada - 11.74 per 1000, U.S. - 5.05 per 1000
Put another way, the numbers mean that as of July, 1 out of 4.5 Nevadans was either unemployed, had filed for bankruptcy, or had a home in the foreclosure system. It also means that if you aren't one of the 4.5, you probably know someone who is. So how are you doing in Nevada and the Reno / Tahoe area? Is economic stress a serious problem? After voting, leave a comment if you care to elaborate.
Sources: Reno Gazette-Journal, Associated Press.
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