Most Frugal US Cities List Calls Out Brooklyn, San Francisco
Financial site Mint.com has just released their 2009 list of "The Most Frugal Cities In America," charting the drop in discretionary spending for major American cities over the last 12 months. The data has all kinds of obscure and interesting information, from who spends the most on books to where residents are likely to drop cash on sporting goods.
We picked the weirdest data point from that last category and discovered that San Francisco ranks fourth on sporting goods, beating out a bunch of places where people buy boats, hunting gear, and camping equipment. Apparently whoever's selling cross-trainers to yuppies is making a killing.
The national drop in spending was an eye-popping 13%, which should provide our nation's totally hosed airlines a little bit of miserable company. Brooklyn led the way with a 28% decrease in total discretionary spending, a dip that future historians will undoubtedly refer to as "The Great Trust Fund Bust of 2009."
There's definitely room for some empirical quibbling with the data. With only a couple exceptions, these are cities that cut back on 2009 spending, not cities where people actually saved the largest proportion of their incomes. That means the map is much closer to "suburbanites who got burned trying to flip Vegas real estate" than it is to "most frugal cities in America."
On the other hand, Mint.com is a newly acquired start up and we're sitting here trying to "funemployment." So not so much with the financial criticism from us.
Related Stories:
· Mint Map: America’s Most Frugal Cities [MintLife]
· Meltdownomics [Jaunted]
· Travel News Coverage [Jaunted]
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