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10:36 am
Thu February 14, 2013

Tampa Bay No. 3 on Financial Distress Survey

Empty wallets are all too common in Tampa Bay, according to the Consumer Distress Index.
Empty wallets are all too common in Tampa Bay, according to the Consumer Distress Index.
Credit FreeDigitalPhotos.net

Tampa Bay is feeling the heat--and we're not talking about Valentine's Day passion.

The Tampa-St. Petersburg-Clearwater area was the third-most financially strapped part of the country in the last quarter of 2012. That's according to the latest Consumer Distress Index released by CredAbility, a nonprofit credit counseling and debt management agency. 

In fact, three of top five most financially distressed metro areas were in the not-so-Sunshine State. Here's the breakdown:

  1. Orlando-Kissimmee-Sanford, Fla.
  2. Las Vegas-Paradise, Nev.
  3. Tampa-St. Petersburg-Clearwater, Fla.
  4. Riverside-San Bernardino-Ontario, Calif.
  5. Miami-Fort Lauderdale-Pompano Beach, Fla.

The Consumer Distress Index is released quarterly to track the financial health of U.S. households. It measures five factors: employment, housing, credit, household budgets and net worth.

Minneapolis-St. Paul scored the best.