Local city named one of top thriftiest

July 13, 2009 5:44:21 PM PDT
Lots of us are already being thrifty and according to Forbes Magazine, one of the thriftiest cities is right here in the Bay Area.

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San Jose was found to have on average the lowest debt compared to income of most cities in America. It was second only to Washington D.C. and about tied with Detroit.

In San Jose folks owed about 11.5 percent of income to credit card companies. That compares with a high in Miami of about 22 percent.

Forbes found that in San Jose folks owe about 11.5 percent of their income to credit card companies. That compares with a high in Miami of about 22 percent.

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