Is Columbus the brokest city in America? - WTVM.com-Columbus, GA News Weather & Sports

Is Columbus the brokest city in America?

Posted: Updated:
  • NEWSMore>>

  • Homeless man found dead near railroad tracks

    Homeless man found dead near railroad tracks

    Thursday, July 17 2014 9:49 AM EDT2014-07-17 13:49:05 GMT
    The body of a homeless man was found Tuesday morning on the railroad tracks near Fifth Avenue and 16th Street in Columbus. Muscogee County Coroner Buddy Bryan has identified the 62-year-old victim but saysMore >>
    The body of a homeless man was found Tuesday morning on the railroad tracks near Fifth Avenue and 16th Street in Columbus.More >>
  • Mom shoots at burglar trying to steal her car

    Mom shoots at burglar trying to steal her car

    Sunday, July 27 2014 6:33 PM EDT2014-07-27 22:33:43 GMT
    A Columbus woman catches a man trying to steal her car and fires back literally. The car theft gone wrong happened late Friday evening. News Leader Nine's Tyrone McCoy caught up with the victim. More >>
    A Columbus woman catches a man trying to steal her car and fires back literally. The car theft gone wrong happened late Friday evening. News Leader Nine's Tyrone McCoy caught up with the victim. He has an exclusive interview with the single mother who says she was just protecting her family and belongings.More >>
  • LaGrange woman hit by juvenile with cast iron skillet

    LaGrange woman hit with skillet by juvenile

    Sunday, July 27 2014 2:20 PM EDT2014-07-27 18:20:53 GMT
    The LaGrange Police Department says an 88-year-old woman was struck in the head with a cast iron skillet by a male juvenile. Police say on July 27, at approximately 4:43 a.m., the Patrol Division respondedMore >>
    The LaGrange Police Department says an 88-year-old woman was struck in the head with a cast iron skillet by a male juvenile.More >>

The city of Columbus is top on the list for being the brokest town in the U.S., that's according to Newsweek's The Daily Beast.

The Daily Beast says it based its information on reports from Experian and national labor statistics.

The report takes into account an area's jobless rate, median household income, average personal debt and average credit score.

Columbus's unemployment rate stands at 9.8 %, with the median household income at $36,500.

The average household debt in the Fountain City is almost $28,000.

Savannah, Georgia was on the same list at #25 and Birmingham, AL came in at #23.

Tuesday, Columbus Mayor Teresa Tomlinson called the article "patently absurd" and "irresponsible".

"We know for certain that their data is wrong. The median income figure and the employment rate are not correct. Accordingly, we have no reason to believe their so-called ‘personal debt' level is current. Probably the most telling error is that even using their own incorrect data, their math is wrong. So, by the article's own alleged three-pronged criteria, Columbus is not the ‘brokest' on the list, much less America," Mayor Tomlinson explains.

"The numbers presented show there is no rational basis for the approach used. The slightest change, such as using the more accepted debt-to-income ratio instead of the personal debt amount dramatically adjusts the ranking. Including the referenced, but mysteriously excluded, ‘credit score' in the computation also dramatically adjusts the ranking. If there was any legitimate statistical point to be made here, the rankings would not fluctuate so when similar or related data is used", continued Mayor Tomlinson.

To see the Daily Beast's full list, click here.

Copyright 2011 WTVM. All rights reserved.   

Powered by WorldNow

1909 Wynnton Road
Columbus, Ga. 31906

FCC Public File
publicfile@wtvm.com
706-494-5400
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WTVM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.