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FRESNO, Calif. (KFSN) -- A caller survey by cardrates.com encourages radical to empower themselves financially.
The Financial Resilience Report, a archetypal for the autarkic recognition paper reappraisal website, ranked 151 U.S. metros champion positioned to flooded fiscal setbacks and those much prone to fiscal shocks.
"There's nary shame successful it and nary accolades," says Consumer Finance Expert Erica Sandberg. "This is simply taking a look astatine antithetic metro areas and analyzing who's successful the champion presumption to woody with problems should they arise."
Housing costs and little incomes were the apical reasons Fresno ranked last.
"The residents of Fresno whitethorn person to instrumentality other steps to consciousness much susceptible of dealing with a setback," Sandberg said.
The methodology factored successful lodging affordability, status income, occupation diversity, location value, unemployment and poorness rates.
The strongest metros for household fiscal resilience diagnostic diversified occupation bases and little lodging costs.
"Low-cost lodging wherever determination are aggregate occupation opportunities, income, diversity, determination are each kinds of opportunities wrong that area," Sandberg said.
Sandberg says this survey is simply a reminder to beryllium proactive erstwhile it comes to finances.
"Even the radical surviving successful the astir financially resilient areas, that doesn't mean they are immune to fiscal problems," she said. "They surely are."
"Incomes haven't been rising arsenic accelerated arsenic inflation," says Samuel Molina The Academy of Financial Education CEO. "We've seen a batch of that crossed the country. We've besides seen an influx of radical moving from the Bay Area, Southern California to Fresno, truthful that drives up our costs arsenic well.
Molina says you tin support your assets by putting your wealth to work.
"Using accounts similar high-yield savings accounts, certificate of deposit accounts, wealth marketplace accounts," helium said. "These aren't concern accounts, but they bash let you to clasp a spot much worth than your regular checking oregon savings accounts."
In summation to reducing expenses, physique up your skills
"As AI takes implicit much lower-level jobs, you person to marque definite you're up of the curve," Molina said.
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