Las Vegas Sun

October 30, 2014

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Las Vegas ranks No. 1 for men in financial distress

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.

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  1. 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.

  2. 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.

  3. @vegaslee - glad you have a good life. That doesn't mean that it is a good place. Just be thankful for your blessings.

  4. 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.

  5. 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.

  6. 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.

  7. Lincoln, Madison, and Sioux Falls may be leaders. How did they get there? Not many Sioux in Sioux Falls . . .

  8. 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..

  9. 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!!

  10. 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!