Kelly: Omaha metro rates No. 1 in financial health

Kelly: Omaha metro rates No. 1 in financial health

By Michael Kelly February 20, 2013 5:36 pm Comments are Disabled

A spokesman for a  nonprofit credit-counseling agency minced no words Wednesday in praising metropolitan Omaha’s financial health.

“It’s the best place to live in the nation from a financial point of view,” said Scott Scredon of CredAbility, based in Atlanta, Ga.

I first reported last August that the agency had singled out Omaha for a No. 1 ranking in its Consumer Distress Index. After reviewing results nationally from the fourth quarter of 2012, Scredon called the Big O’s rating “very impressive.”

Omaha’s rankings, he said, are well-balanced across all aspects of the index: employment, housing, credit, net worth and how families manage household budgets. Among the 77 areas studied, the Omaha metro posted the lowest mortgage-delinquency rate.

An overall score under 70 in the CredAbility 100-point rating scale indicates financial stress, and the national average was 71.8. The only two metros to score 80 or above were Minneapolis, at 80.12, and top-ranked Omaha, 80.27. 

CredAbility said overall consumer health improved nationally in the fourth quarter, “led by rising employment, higher saving rates and better household budget management.” 

The cities with people in most financial distress were Orlando, Las Vegas and Tampa.






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