Report Says Miami is Full of (Broke) Ballers
Maybe Riptide has been living off of spaghetti and buying beer with couch change for too long. Maybe seeing the parade of Hummers and yachts in South Beach rubs salt in the wound. Maybe.
Because it's not very nice. It's kind of mean, actually, that a recent study gives us such an enormous amount of catty pleasure. A few days ago, Forbes Magazine and Equifax Credit announced the top American cities guilty of overspending. They looked at the 50 largest urban areas to determine which towns have the most credit card debt.
Guess who won the prize. We'll give you a hint: It's not Santa Fe, New Mexico.
The Magic City came in worst nationally, with an average household credit card debt of $9,700. Equifax found the results " by dividing the number of households in each metro area, determined by the U.S. Census Bureau, by the overall debt of the area."
Bottle service at Fontainebleau: $600. Giant breast Implants: $8,000. Appearing rich while you're up to your ears in debt: Priceless.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you’ll never miss Miami New Times' biggest stories.
- Frost Family Bails Out Cash-Strapped Science Museum, Cans Entire Board of Directors
Sat., Feb. 13, 6:00pm
Sat., Feb. 13, 7:00pm
Mon., Feb. 15, 7:30pm
Thu., Feb. 18, 7:30pm
- University of Miami Students Now Have $9,000 Napping Pods to Use on Campus
- Florida LGBT Rights Bill Dead; Still Legal to Fire Someone for Being Gay