The increase in the number of Clark County residents with subprime credit scores is becoming a significant concern. As of the second quarter of 2025, approximately 30.1% of residents have a credit score of 660 or less. This marks a rise from 27.7% in the third quarter of 2021, indicating a trend towards financial instability.
Matt Hennessy, a mortgage adviser, attributes this rise to the end of pandemic-era financial support measures. During the COVID-19 lockdowns, personal savings hit record highs due to government stimulus checks and forbearance programs. These measures provided temporary relief but have since expired, leaving many consumers in financial distress. The moratorium on home foreclosures, deferred student loan payments, and postponed rental payments have all ended, forcing individuals to resume financial responsibilities that were previously on hold.
The reopening of the economy in 2021 led to increased consumer spending, rapidly depleting savings and reverting the savings rate to pre-pandemic levels. This overspending has persisted, contributing to financial strain. Additionally, efforts by the Federal Reserve to combat inflation through increased Federal Funds Rates have caused credit card interest rates to soar, complicating debt management for many.
Wallet Hub’s data reveals that Las Vegas residents have an average credit score of 613, ranking 130th out of 182 cities. North Las Vegas ranks even lower at 152nd with a score of 605, while Henderson fares better at 55th with an average score of 638. Nearby Reno ranks 49th with a score of 642. This data highlights the broader challenges faced by residents in maintaining healthy credit scores amid economic pressures.
