Personal Finance
Princeton Among Best Small Cities For Money Management: WalletHub
The WalletHub study comes amid the pandemic as more Americans face unemployment and low wages.
PRINCETON, NJ — According to a recent WalletHub study, Princeton is among the best small cities for money management.
The study ranked Princeton 11th across the country in money management skills.
The personal finance website used data from the U.S. Census Bureau, TransUnion and Renwood RealtyTrac to compared more than 2,500 cities for ten key indicators:
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- Credit-card debt-to-income ratio
- Mortgage debt-to-income ratio
- Car-loan debt-to-income ratio
- Student-loan debt-to-income ratio
- Average percentage of credit used
- Median credit score
- Average number of late payments
- Share of delinquent debtors
- Share of adults with a recent bankruptcy
- Foreclosure rate
They categorized each city based on population. Princeton was scored among the nation’s small cities with a population of fewer than 100,000 people.
The WalletHub study comes amid the pandemic, as many Americans face unemployment, lower wages or costly medical bills.
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You can click here to check out the entire list and read more about their methodology.
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