Latest news with #WalletHub
Fox News
a day ago
- Politics
- Fox News
Worst City in America
Which American city is ranked worst of the worst? I'm Tomi Lahren, find out next. The rankings are in. Can you guess which American city gets the honor of being ranked as worst-run? If you guessed a city in California, congrats you've been paying attention! According to WalletHub's report which measured the 'effectiveness of local leadership' by 'determining a city's operating efficiency.' The once beautiful city by the bay, San Francisco came in 148th out of 148 cities studied! The study was conducted like this, each city was given a 'Quality of Services'' score based on 36 areas including financial stability, education, health, safety, economy, infrastructure and pollution. Those were then measured against the city's per capita budget. Basically, WalletHub studied how city officials use public funds and compared it to the quality of life and services experienced by residents. So it's really no shock at all San Francisco is the worst-run and measurably so! The Bay Area has so much to offer: geography, tourism, tech and industry abounds but sadly, good leadership is nowhere to be found! I'm Tomi Lahren and you watch my show 'Tomi Lahren is Fearless' at Learn more about your ad choices. Visit
Newsweek
2 days ago
- Business
- Newsweek
Map Shows States Where People Are Most Delinquent on Debt
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Across the United States, millions of people are in debt, with some states experiencing higher rates of delinquency than others. According to a new report from WalletHub, southern states made up the top places where Americans are most behind on their debt. Why It Matters U.S. households carry $18.203 trillion in debt as of 2025, according to the Motley Fool. While mortgages make up 70 percent of that, getting into delinquency can have severe consequences for your credit. Americans may also face late fees, higher interest rates and even lawsuits as a result of their delinquency. What To Know The top five states with the highest delinquency rates on debt payments included Mississippi, Louisiana, West Virginia, Alabama and Arkansas. In Mississippi, 14.3 percent of individual loans and lines of credit in the state were delinquent in the first quarter, which was the highest percentage in the country. "They rank dead last in financial education, and surprise, they're drowning in debt," Michael Ryan, a finance expert and the founder of told Newsweek. "The numbers don't lie, and they're ugly. Eight of the top 10 delinquent states sit below the Mason-Dixon Line." Meanwhile, Louisiana residents were delinquent on 13.1 percent of all their individual loans and lines of credit. Also in the top 10 were South Carolina, Delaware, North Carolina, Texas and Tennessee. Ryan said many of the southern states facing high delinquency have low median incomes relative to the rest of the country. Residents also face banking deserts and poor personal finance education. "Southern states dominate this list because poverty, poor education, and limited financial services create a terrible recipe for disaster," Ryan said. WalletHub ranked the states by delinquency based on each state's proprietary user data from the first quarter of 2025. What People Are Saying WalletHub analyst Chip Lupo told Newsweek: "Being delinquent on debt can lead to fees, credit score damage, increased interest rates and other negative repercussions. That's why it's important to get current as quickly as possible. For many types of debt, you will have at least 30 days after your due date to make your payment before the lender officially reports it as 'late' to the credit bureaus. Many lenders also offer hardship programs that can allow you to temporarily forgo payments due to financial difficulty." Michael Ryan, a finance expert and the founder of told Newsweek: "Until we fix financial education at the state level, we're just putting Band-Aids on bullet wounds. This data screams that we've failed entire populations by not teaching basic money management." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "With debt delinquencies, unfortunately, there aren't many surprises in terms of which states see higher numbers. Most of them are in the Southeastern United States, where incomes, when compared to the national average, are lower, and debt can often be higher. "When residents in these states are drowning in debt and have incomes that allow them to barely keep their heads above water, they can often make the decision to simply quit paying some amounts owed over time." A sticker showing that American Express is accepted at a business in Chicago on February 11, 2025. A sticker showing that American Express is accepted at a business in Chicago on February 11, Happens Next Across all states, individuals who fall into delinquency may face substantial long-term effects on their credit. "Regardless of where you live, delinquencies can destroy your credit and lead to further legal action against you, so it's imperative you make your monthly payments either by taking on additional work or cutting spending," Beene said. Financial experts encourage those in debt to focus on their smallest debt first and then work to absolve the higher amounts. "How to dig yourself out of it? Start small, win big: Attack your smallest debt first," Ryan said. "That $200 credit card victory will fuel your fight against the $20,000 monster."
Daily Mail
2 days ago
- Business
- Daily Mail
America's best-run cities revealed
America's best run city has been revealed, and it's led by a Republican in a deep red state. Provo, Utah , has been declared the most efficient city in the United States by WalletHub thanks to its safe streets and the quality of its government services. Mayor Michelle Kaufusi, a Republican who is native to the city, has been running Provo since 2017. The city's residents tend to stick with Republican candidates in all their elections. The study looked at the 148 largest cities in the country and analyzed their unemployment rates, crime rates, infrastructure quality, education outcomes and economic health. Provo ranked No. 1 largely because it has the fourth-lowest violent crime rate in the country, the seventh-lowest property crime rate and the 22nd-best roads. The city of just over 113,000 also shows signs of improving in the future as its economy continues to grow, while boasting the eighth-lowest unemployment rate in the nation. 'The city is experiencing business growth of around 5.2%, alongside a high school graduation rate of nearly 91%, a combination that signals a strong foundation for the future,' the authors of the study wrote. Provo hugely benefits from its proximity to the much bigger Salt Lake City, Utah's capital and a fast-growing metropolis in its own right . Provo's success is followed by Nampa, Idaho, which came away with the No. 2 spot in the study, according to research by WalletHub. Nampa has a nearly identical population to Provo at around 114,000 and is also run by a Republican, Mayor Debbie Kling. A large factor in Nampa's high score is the fact that its government has staggeringly low debt. According to the study, its long-term outstanding debt per capita is just $478. This essentially means if every citizen decided to pay that amount - which equates to the base price of an iPad mini - into the city's coffers, Nampa would be debt free. To achieve the same thing in New York City, each of its roughly eight million residents would have to pay $34,567 . Perhaps Nampa's greatest positive is that it has the lowest property crime rate in the country. As for other economic indicators, it has the 13th lowest poverty rate and a 7% median annual income growth rate. Going over to the east coast, Manchester, New Hampshire, ranked as the third best-run city in the US. Republican Jay Ruais became the mayor of Manchester in January 2024. The office was previously held by Joyce Craig, a Democrat, since 2018. Manchester shines in the realm of the environment, claiming the seventh-lowest air pollution rate in the country. It also has a strong economy, with the 15th lowest unemployment rate and a low share of its residents living in poverty. Last December, Manchester was ranked by Zillow as having the hottest real estate market in the nation. The city of over 115,000 people has seen growing interest among buyers, which drove average home prices up 7.3% last year, up to $415,000. Home prices in the burgeoning suburb have since risen another 6% to more than $440,000 . People could be potentially flocking to Manchester because in New Hampshire, there is no income tax or general sales tax. San Francisco was ranked the worst in WalletHub's study because it has the single worst debt burden of any city in the US. The infamously Democrat run city is a byword for vagrancy, open drug taking and progressive lawmakers whose policies have been blamed for those problems. S&P Global , a respected bond rating firm, downgraded San Francisco's financial health in December 2024 and rated its outlook as 'negative.' San Francisco voters booted their progressive mayor and district attorney in recent years, but their more centrist replacements face an uphill struggle to return the city to its former glory. Detroit, Michigan, Oakland, California, and Baltimore, Maryland, were at the bottom of the list, too, for their astonishingly high violent crime rates. Baltimore's public schools also have one of the lowest graduation rates in the country at just 71%.
New York Post
3 days ago
- Business
- New York Post
San Francisco ranked worst-run major city in America: report
San Francisco has been ranked at the bottom of a new report by a financial services company ranking the best and worst-run cities in the country. WalletHub reported it measured the 'effectiveness of local leadership' by 'determining a city's operating efficiency.' San Francisco came in 148th out of 148 cities studied. Advertisement 'We can learn how well city officials manage and spend public funds by comparing the quality of the services residents receive against the city's total budget,' WalletHub Financial Writer Adam McCann wrote to explain the study. Each city was given a 'Quality of Services'' score based on 36 metrics that were grouped into six service categories, including financial stability, education, health, safety, economy, and infrastructure and pollution. These were measured against the city's per capita budget. San Francisco was ranked at the bottom after making headlines previously for the mass exodus from the liberal city, declining enrollment in its public school system as well as skyrocketing housing prices. 4 Cyclists ride their bikes along the Marina Green with the Golden Gate Bridge in the background in San Francisco, Calif., on May 2, 2025. Getty Images Advertisement Residents elected a new mayor last year, Daniel Lurie, who beat incumbent Democrat London Breed by a more than 10-point margin, 56% to 43%. The last election indicated a pivot away from soft-on-crime policies and lax policies on drug use and homelessness that were rampant in the city. The next worst-run cities after San Francisco were Detroit (147th), Oakland (146th), New York City (145th), Philadelphia (144th), and Baltimore (143rd). 4 A homeless encampment in front of the closed Civic Center Inn in the Tenderloin District of San Francisco on Sept. 28, 2023. David G. McIntyre Advertisement 4 Protesters take over the street in front of the San Francisco during May Day demonstration on May 1, 2025. Getty Images The best-run city is Provo, Utah, according to WalletHub. McCann cited economic growth that is 'hard to ignore,' low crime and unemployment, and clean roads. 'Provo, UT, is the best-run city, and the reasons for that are that the city is experiencing business growth of around 5.2%, alongside a high school graduation rate of nearly 91%, a combination that signals a strong foundation for the future.' Fox News Digital reached out to San Francisco city leadership but did not immediately hear back. Advertisement 4 San Francisco Mayor Daniel Lurie attends a baseball game at Oracle Park on June 17, 2025. AP Provo, Utah Mayor Michelle Kaufusi told Fox News Digital that the recognition of being the nation's best-run city is 'truly an honor.' 'We've always believed in getting the fundamentals right—delivering quality education, maintaining safe neighborhoods, ensuring well-maintained infrastructure, and practicing responsible fiscal stewardship. This national ranking validates that approach and shows that when you focus on providing exceptional core services efficiently, the results speak for themselves: residents prosper, businesses flourish, and our entire community thrives,' Kaufusi said.
Yahoo
3 days ago
- Business
- Yahoo
‘Getting the basics right': WalletHub ranks Provo as the best-run city in America
WalletHub released a report Tuesday of the 20 best-run cities in America, with Provo, Utah, in the top spot. Provo's mayor, Michelle Kaufusi, said she found out about the ranking early Tuesday morning and was in her kitchen 'jumping up and down' as she read the article. 'This recognition from WalletHub is truly an honor, but it's really just a testament, like I stated, to our incredible city team and the residents who make Provo such a special place to live,' she said. For this ranking, WalletHub compared 148 of the country's largest cities based on their operating efficiency to determine the effectiveness of local leadership. WalletHub ranked each city based on 36 key performance indicators grouped into six service categories. Those indicators were also measured against the city's total per capita budget. Provo ranked first overall out of all 148 cities. 'It means we must be doing something right, and that's exciting. We've always believed in getting the basics right first, which are, for us, quality schools, safe neighborhoods, well-maintained roads, and then, of course, the responsible budgeting,' Kaufusi said. 'Provo, UT, is the best-run city, and the reasons for that are that the city is experiencing business growth of around 5.2%, alongside a high school graduation rate of nearly 91%. Provo is also a city that is safe,' said WalletHub analyst Chip Lupo. Lupo added that Provo also has the fourth-lowest violent crime rate and the seventh-lowest property crime rate in the country. 'Safety is always a top concern for citizens,' Kaufusi said. 'We continue to focus on keeping our citizens safe and sound in Provo. I think it was a couple years ago, we literally were voted the safest city, large city in the nation, so that's a focus for us." The city also has the eighth-lowest unemployment rate in the country at 2.8%. According to WalletHub, Provo also keeps its infrastructure well maintained and has impressive economic momentum. When broken down into rankings by individual categories, Provo's numbers are all across the board. The city ranked third for safety, 23rd for infrastructure and pollution, 29th for education, and 31st for financial stability. 'We're not just spending money here in Provo, we're spending it wisely. So every dollar we invest has to deliver real value for our residents, whether that's keeping your streets safe or maintaining our infrastructure or supporting our schools, all of those things matter,' Kaufusi said. Provo's weakest categories were health, for which it ranked 35th, and economy, earning the 84th spot. 'Now we have to keep raising the bar. We're not going to rest on our achievements. We've never been that way. We are go-getters, and we're going to use it as a springboard to continue improving,' the Provo mayor said. Idaho had two cities listed in the top five, with Nampa at No. 2 and Boise ranked fourth. According to WalletHub, Nampa earned the second spot because of extremely low government debt, a low property crime rate and a strong economy. The only other Utah city on the list was Salt Lake City which ranked 99th out of 148. Denver, Colorado, also made the list, taking the 134th spot.
