Once again, that Texas Miracle ... isn't

Via Local Profile, an online mag for Collin County, we learn that Texas is the third-worst state for people in financial distress.

The only two worse? Louisiana and Mississippi. So, in the non-toilet-bowl world, when you're behind even West Virginia and New Mexico, you're the worst.

Here's two specifics. The first is credit scores:

According to WalletHub, one reason for such a high ranking for the 8th largest economy in the world is the low credit card scores of its residents. As previously reported by Local Profile, the average American is just below the bottom of the ‘good’ credit range, which is 700 and the beginning of the ‘excellent’ credit range is 750. But in Texas, that number drops to 674, which isn’t bad, but it’s bad enough for grating the state the 6th worst credit score in the U.S.

The second is personal bankruptcies:

However, another finding of the report might be more worrisome. In the past year, Texas saw a whopping 21% increase in non-business bankruptcy filings, ranking number 1 in that category.

That's not even ahead of Louisiana and Mississippi.

The state's also 10th-worst in mortgage delinquincies.

Wonder how much of this is Californicators finding out the truth about Texas property taxes while burning through the AC in this year's Texas summer?

And, from the Trib and related? Homeowners insurance rates jumped 22 percent this year. Climate change issues the primary cause. Got it, Californicators who might be trying to flee that issue in California? The story adds that Texas premiums are among the highest in the nation but may actually be underpriced. Next step? Will some insurers stop writing policies in Texas, as is the case in California?

Schadenfreude is a biatch!