The Emerald City Is Looking Golden

Have we made America Great Again, yet? Have we kick started the economy?  Nope, that doesn’t start until NEXT year. With that in mind and with holiday shopping inching us closer to a record year for credit card debt and with the New Year’s resolution season not far off, the personal-finance website WalletHub today released an in-depth report on 2016’s Best & Worst Cities for WalletFitness.

According to the American Psychological Association WalletFitness is about turning the country’s biggest stressor – money – into one of your biggest strengths.  Are you in a stable financial position, able to comfortably meet existing obligations as well as plan for the future, if so you are among the financially fit.

With that in mind, WalletHub compared the 150 largest U.S. cities across 27 key metrics – ranging from unemployment, poverty and foreclosure rates to income volatility and savings habits – to see where people are in the best and worst financial shape.

Portland comes in at 35, Spokane at 31 and Seattle sits happily at number 3!

Key Stats

• The median household income (adjusted for cost of living) in Gilbert, Ariz. ($89,724) is four times higher than in Newark, N.J. ($24,460).
• The median person in Anchorage, Alaska has twice as much credit card debt ($3,545) as his or her counterpart in Detroit ($1,567).
• San Antonio, Texas has two times more unbanked/underbanked households (42.6%) than Richmond, Va. (18.0%).
• Brownsville, Texas has 12 times more residents without health insurance (29.4%) than Fremont, Calif. (2.5%).
• The foreclosure rate in Toledo, Ohio is 29 times higher than in New York.

For the full report visit: https://wallethub.com/edu/best-cities-for-walletfitness/2862