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neighbors - All posts tagged neighbors

  • Jun 13, 2011
    10:13 AM ET

    Is Your City a Bad Financial Influence?

    iStockphoto

    There’s new evidence that whether or not you’re trying to keep up with the Joneses, their fiscal fitness — and that of everyone else in your city — has an impact on yours.

    This month, Men’s Health — perhaps better known for its “fattest cities in America” feature and shirtless male cover models – has now graded the financial fitness of 100 American cities. The magazine examined personal bankruptcies, average credit scores, debts, late payment rates, credit usage, homes in the foreclosure process, spending on housing and average 401(k) contributions to award grades from A+ to F. Lincoln, Neb., topped the list and was one of just six to receive an A+. Dead last: Las Vegas. (The opening salvo: “Have you heard about the new high-stakes game in Vegas? It’s a gamble called ‘living there.’”)

    No surprise, the list is heavily influenced by to the poor economy: the bottom 10, along with Sin City, also includes five California cities and two in Florida. It’s not a stretch to guess the housing market collapse and high unemployment rates have led consumers in those troubled areas to put more on their credit cards and less in their retirement accounts.

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  • Pay Dirt examines the millions of consumer decisions Americans make every day: What to buy, how much to pay, whether to rave or complain. Lead written by Quentin Fottrell, the blog examines these interactions, providing readers with news, insight and tips on shopping, spending, customer service, and companies that do right – and wrong – by their customers. Send items, questions and comments to quentin.fottrell@dowjones.com or tweet @SMPayDirt.