This Week
  • Wilmorite hopes soon to win approval for $425M casino in Seneca County.

  • For startup companies, legal and accounting missteps can prove costly.

  • Architect David Hanlon has worked with some of the area's leading developers.

  • ID Signsystems Inc. has grown from a local company into an international business.

  • Robert Linton guides Jazz 90.1 through a new era in media.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

Report ranks Rochester's 'wallet wellness'

Rochester Business Journal
April 11, 2014

Among the nation’s largest 150 cities, Rochester ranks in the bottom half for its “wallet wellness,” a new report by WalletHub states.

The Best & Worst Cities for Wallet Wellness report ranked Rochester 81st—tied with Buffalo—in terms of the responsibility with which consumers manage both their finances and their lifestyles.
 
WalletHub—a social website launched by Evolution Finance offering tools and information for consumers and small business owners to make better financial decisions—analyzed eight key areas that look at finances, lifestyles and the extent to which local dynamics promote wealth creation and upward mobility.

Among the metrics analyzed, WalletHub looked at median household income, economic mobility, average commute time, credit scores and physical health.

Sioux Falls, S.D., ranked first on the list; Baton Rouge, La., ranked last. Buffalo ranked second among the 150 metro regions in terms of median household income/median house price.

WalletHub noted money, work and the economy are the leading causes of stress, costing employers $600 a day in lost work. Sleep deprivation—a common side effect of stress—amounts to $62 billion annually in lost productivity, it notes.

The full report can be found here.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google