Is Your City Stocked With Smart Or Dumb Financial Consumers?

0
698

140425-consumers_1102_ba390be048fee0113e90ca6a48e0fe55.nbcnews-ux-2880-1000

By Brian O’Connell

Not all cities are alike when it comes to personal finance acumen among their residents, and personal finance site WalletHub recently concluded Lancaster, Texas and Indiana, Pa. “have the worst money-management skills” in the U.S.
WalletHub measured the best and worst American cities at personal finance skills, using a set of metrics to rank cities based on key money issues like credit score, average number of late bill payments, and mortgage debt-to-income ratio, among other criteria.
“Cities that ranked highly for money management skills have low debt to income ratios, whether it’s credit card debt, mortgage debt, car loan debt or student loan debt,” says Jill Gonzalez, an analyst at WalletHub. “These cities also have high credit scores, reflecting that residents successfully manage their debt and pay their bills on time, usually paying in beyond the minimum to be free of debt more quickly.”
Using that formula, California comes out looking good in the WalletHub rankings.
“Read the Full Article at www.thestreet.com >>>>”

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleKentucky legislators introduce veterans business bill
Next articleGold And Silver – Charts Reviewed