America’s Thriftiest Cities July 7, 2009
Posted by BDO in News.Tags: Atlanta, Baltimore, beating, Boston, Chicago, City, DC, Debt, Denver, Francisco, frugal, Jose, Kansas, Memphis, Milwaukee, Minneapolis, Nashville, new, Philadelphia, Portland, Providence, San, Seattle, thrify, washington, york
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For many Americans, instant gratification has taken a backseat to long-term financial security.
Given the recession, it’s understandable that Americans are hording more cash by spending less. Some, though, are doing a better job than others.
Congratulations to the following
TOP TWENTY LARGE CITIES WITH THE LOWEST DEBT-TO-INCOME RATIO:
- Washington, DC
- San Jose, CA
- Nashville, TN
- Boston, MA
- Kansas City, MO
- Philadelphia, PA
- Baltimore, MD
- Seattle, WA
- San Francisco, CA
- Chicago, IL
- Portland, OR
- Providence, RI
- Detroit, MI
- Minneapolis, Minn
- Memphis, TN
- New York, NY
- Milwaukee, WI
- Dallas, TX
- Atlanta, GA
- Denver, CO
The above large cities have the lowest debt-to-income ratios. Though some of the “thriftiness” is due to less than ideal economic and political reasons, the point is the above cities have managed to lower their consumption of debt better than most other cities. Congratulations and I look forward to seeing who will make the list next year. Keep working hard to beat debt! Earn your freedom away from the marketers and loan officers trying to convince you to take on more debt.
To read more on this article, click here.
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I’m really surprised that there are ANY California cities in that list. That is impressive.