Analysts at SmartAsset ranked U.S. metro areas based on how well residents are taking control of their personal finances. They looked at the percent change in credit scores, credit card debt, credit utilization ratio, late credit card payment rate, non-mortgage debt and mortgage delinquency rate to make their conclusions.
SmartAsset found that 10 of the top 15 cities where personal finances have improved are in California. Los Angeles, which topped the list, saw a 2.1 percent increase in credit scores between 2010 and 2016. Other cities in the top 10 are Las Vegas, Phoenix, and the Miami metro area.
Five of the cities that ranked lowest in the study are in Louisiana, where non-mortgage debt is up 15-20 percent from 2010.
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