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Contributed by mm | October 20, 2006 8:20 PM PST
American Express commissioned an interesting research to find out which cities have better savers. Is this a coincidence that residents in larger cities tend to be better savers?
From Bankrate:
1. Boston
2. Rochester, N.Y.
3. Hartford, Conn.
4. San Jose, Calif.
5. Washington, D.C.
6. San Francisco
7. Richmond, Va.
8. Providence, R.I.
9. Minneapolis-St. Paul
10. Tampa-St. Petersburg, Fla.
11. Buffalo, N.Y.
12. New York
13. Los Angeles
14. Baltimore
15. Riverside, Calif.
16. Miami
17. Philadelphia
18. Sacramento, Calif.
19. Pittsburgh
20. San Diego
21. Chicago
22. Seattle-Tacoma
23. Phoenix
24. Detroit
25. St. Louis
26. Orlando, Fla.
27. Virginia Beach, Va.
28. Cincinnati
29. Houston
30. Cleveland
31. Louisville, Ky.
32. Milwaukee
33. Charlotte, N.C.
34. New Orleans
35. Birmingham, Ala.
36. Dallas-Fort Worth
37. Portland, Ore.
38. Kansas City, Mo.
39. Indianapolis
40. Las Vegas
41. Jacksonville, Fla.
42. Salt Lake City
43. Denver
44. Nashville, Tenn.
45. Atlanta
46. Austin, Texas
47. Columbus, Ohio
48. San Antonio
49. Oklahoma City
50. Memphis, Tenn.
What do you think of this post? Be the first to share your opinions.
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Savings Rates Are Getting Lower (October 27, 2006)
WSJ predicts interest rates for savings account and money market accounts will creep down from this point on. I cannot agree with it more. The golden days are probably over, which makes it a wise move to lock in some high yield CDs for now.
Stable Value Fund May Not Be Safe (October 22, 2006)
My company's 401(k) plan never includes a stable value fund, so I never got the chance to make a decision whether to invest in such funds. However, NY Times reminds us that stable value funds have their fair share of risks too. Some poorly run ...
Is IRA Contribution Always A Good Deal? (October 14, 2006)
Jeff Schnepper at MSN Money argues that for people already in high tax brackets, contributing to retirement savings account may not be an automatic winner. Instead, by paying tax now and invest in after-tax accounts, one can count on a lesser tax hit on portfolio's ...
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