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Thursday, May 19, 2011 | 11:23 p.m.
If you're thinking of coming to Vegas to find a financially secure man, think again.
In a feature titled "The Fiscally Fit Man" in Men's Health magazine, Las Vegas ranks No. 1 for men in financial distress.
The article used eight criteria to determine the list: personal bankruptcy rates, average credit scores, debt, late payments, credit usage, percentage of homes facing foreclosure, percentage of people who spend more than 30 percent of their income on housing and average 401k contributions.
Nevada made another appearance in the top 10, with Reno ranked as the tenth worst city for men’s finances.
Though it looks grim for men in Nevada, men in California might have more to worry about: Riverside, Stockton, Bakersfield, Fresno, and Santa Ana all make the top 10.
Phoenix was third on the list, after Riverside. Orlando and Miami were ranked fifth and seventh, respectively.
So where to find men in the best financial shape? The No. 1 place is Lincoln, Neb., followed by Madison, Wisc., and Sioux Falls, S.D.
I do not agree with this article. I am a software engineer and I make a good living here in Las Vegas. I can point out the positive side. Las Vegas offers affordable housing, zero state income tax. Once can buy a new home for as little as $100,000. Any US cities would be the worst place to find jobs for people that lack education and skills.
we are ranking first in too many bad things. as dandy don use to say.... turn out the lights, the party is over.
You wait a longer and you can still buy YOUR home for $100,000.00...on it's way back down. Yee-Ha!
Interesting is that of all the cities listed, only Miami and Orlando are in the South, but were never part of Antebellum South. The best and worst are nearly all Northerner cities.
Don't ya just love color blue.
Las Vegas is #1 because too many men who otherwise would be in decent financial shape are gambling too much and losing too much. As a once a week player (50 cent roulette) I see far too many guys playing way over their heads, or seemingly so. Betting $25-50 dollars per spin on roulette and they are not tourists. Losing $400-$500 in a half hour. Then watch them get into a beat up Oldsmobile or Ford Fairmont and drive away.
This really has nothing to do with the town, it is all about the lack of personal responsibility of many of the people that live here.
Many of us that have been here a very long time are doing just fine. We did not go into debt, we invested our money and paid our bills.
To many people come here thinking that money is going to rain upon them since it is Las Vegas. People don't tend to plan ahead because they know that the government will step up and take care of them when they don't take care of their own responsibilities.
Don't blame the town, blame the people. Vegas is a great city and can treat you right as long as you use some common sense and take responsibility for your own life and actions.
I guess i'm the exception to this stat because i am doing pretty good financially.
I moved to Vegas 3 1/2 yrs, work full-time but the big key is that i have no vices.
No gambling,sports,,drugs,alcohol,strippers or cigars. Everything extra i earn i save.
I never upgraded my car to be in debt with 5 yrs of car payments. I rented then bought a home after the market crashed not before which doomed many.
I'm also a very cheap person so that helps.
I agree with TomD & Vegaslee it has to do with lack of personal responsibility.
Attractive, fit women flock me & i get free love.
Stuff like this makes a Vegas born and raised man such as myself reflect on the disposition of my fellow males in Las Vegas and go;
Mmmmmmmmmmmmm...
Wow, this is the worst city when it comes to economics. I moved here 7 years ago, bought a house in 2006. I have a great job, not a gambler or due drugs and drink very moderately. Now my house is under $180,000.00. My fault?? Don't think so. I'm in the middle of a short sale. Does this put me in financial distress? Sure, thanks Vegas!!! It's not all the individuals uncontrollable habits. " Agreed "?
@vegaslee - glad you have a good life. That doesn't mean that it is a good place. Just be thankful for your blessings.
Locals and tourists alike:
1. Only gamble (if at all,) with a set and reasonable amount of discretionary spending cash you are comfortable with losing and once it is gone, walk away.
2. Strip clubs? See rule #1.
If you purchased a house in mid 1990's chances are you have some serious financial problems, regardless of where you live. Cities where Real Estate boomed during those times and heavily relied on Construction for jobs, bear the brunt of the overbuilding recession now.
No "Rocket Scientist" analysis needed by a trivial magazine looking for free press.
This survey did not include men who visit LV.
Those men are very financially secure and our sex workers are glad for it.
It is these rich men that women should be chasing (and they do!).
It is the women who need to refocus on the rich men they should be chasing. Not the losers who have no money.
It would be interesting to know if these men were in financial distress before they moved to Las Vegas or only after they got there.
"This really has nothing to do with the town, it is all about the lack of personal responsibility of many of the people that live here."
Sure it has nothing to do with a town with extrememly high unemployment, foreclosures, a poor education system, and constant drinking & gambling...
Id guarentee you voted for Reid without a doubt.
Buffets and Blackjack... 24/7 has got to beat you down sooner than later.
From everytime I visited Las Vegas from 2002-2006, I questioned the meteoric rise in new housing sales. Was contemplating buying but something just did not feel right when every month the price of the same model home was jumping 15-20k. Glad I held off because obviously SOMETHING was not right. I feel for those that bought, but did you yourself ever question how on earth these prices were jumping so fast?
I'm sure there are many that thrive here but as I said I can't tell you how many times I've witnessed people lose 200 at the table, leave for the ATM, come back 3 minutes later, lose another $100 and repeat this cycle 3, 4, 5 times. I go with $100, that's it. If I double it, I leave immediately. You would be surprised when you set a win limit how many times you leave a winner. I see people step up to the table with $100 and sometimes turn it into $400-$500 as well. Then I ask myself as they are giving it all back...how much do you want to win for crying out loud? You just quadrupled your money. Leave. Most casino people will tell you that people simply don't know when to leave when they are winning, which is why they usually give it back and then some.
Town is a town, what can you do abut it, nothing I guess before a change. One thing is sure, men think in many ways differently than women. LV is for women only.
Yeah with the world ending, I will be out tonight looking to spend the last of my dollars on some nice young harlot and max out the card.
It's so much easier for women to get jobs these days than men.
America is a third world country now, what do you expect?
I second 100% what "vegaslee" said =
"Don't blame the town, blame the people. Vegas is a great city and can treat you right as long as you use some common sense and take responsibility for your own life and actions."
I'm going to go with what lasvegas2 said, and add that as a software engineer myself who telecommutes there is almost nowhere better than Las Vegas to live given the very affordable housing now. low cost of living and no state income tax. The only other locations that could compete would be parts of Texas and *maybe* Florida.
Las Vegas is the absolute best place to live. Very affordable housing and low taxes. The best food and entertainment anywhere. If you are willing to work hard you can still make it here. I have.
I'm also a very cheap person so that helps.
Attractive, fit women flock me & i get free love.
Ted25, and then you woke up. I know very few women who would opt for a cheap person who does not spend money on them.
Lincoln, Madison, and Sioux Falls may be leaders. How did they get there? Not many Sioux in Sioux Falls . . .
I think a lot of men who come to Las Vegas to live, get caught up in the gambling thing and it becomes a downward spiral into a self made hell..You don't hear that much about it for obvious reasons..
I too think Los Vegas is a wonderful city. And if you are in the market to buy real estate...it could not be a better time to buy. Nebraska, Wisconsin and South Dakota may have men in the best financial shape, but who the heck wants to live in those awful climates!!
beancounter:
But just think, the climates are "awful" in those areas but you'll have a nice "financially solvent" man (with a good pension) to lean on and take care of you (and vice versa) while living in a nice home with a couple of fireplaces and hired help to take care of the nasty winter stuff!