Survey Ranks Cities, States With Best Savers
San Jose, Calif., Tops List
POSTED: Tuesday, December 13, 2005
UPDATED: 12:00 pm EST December 13,
2005
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ST. LOUIS -- How's your nest egg?The A.G. Edwards Nest Egg Index ranks America's 200 top-performing communities and the 50 states based on the personal savings and investing behavior of their residents.It looked at 318 metropolitan areas. The biggest cities apparently aren't where the biggest savers are. New York City didn't crack the top 200. Neither did Los Angeles, Miami or San Antonio. The survey found the strongest savers in San Jose, Calif.Residents of the Nassau-Suffolk Counties on New York's Long Island, measured separately from New York City, were just slightly behind in the No. 2 spot. People in the eastern United States were generally found to be better savers than their counterparts west of the Mississippi. And Southerners were far below their neighbors in the North."It's apparent that many Americans are not setting aside enough personal savings," said Robert L. Bagby, chairman and CEO of A.G. Edwards. "We want our Nest Egg Index to draw attention to this important issue and remind people that regardless of where they live, there are some simple steps that they can take to create a foundation for a more secure financial future." The Nest Egg Index is based on a dozen statistical factors, such as participation in retirement savings plans, personal debt levels and home ownership.Top 10 Best-Saving Cities
- San Jose, Calif.
- Nassau-Suffolk counties on New York's Long Island
- Middlesex-Somerset-Hunterdon, N.J.
- San Francisco
- Bergen-Passaic, N.J.
- Minneapolis-St. Paul
- Monmouth-Ocean, N.J.
- Barnstable-Yarmouth, Mass.
- Ann Arbor, Mich.
- Rochester, Minn.
- New Jersey
- Connecticut
- Minnesota
- New Hampshire
- Massachusetts
- Mississippi
- Louisiana
- Arkansas
- Oklahoma
- Alabama
Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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