You mean Latinos save?

The Weekly's Dennis Romero has a good take on why L.A. ranks at the bottom of the top 20 metro areas when it comes to personal debt.

Nearly one of every two residents here is Latino. And while some of y'all like to bash L.A. as an outpost of Mexico City, there are upsides to being diverse. One of them being that many of those Latinos are immigrants. And many immigrants don't do credit. They borrow cash from their cousin or their tia; they frequent paycheck-cash-advance outfits; and they buy their 20-inch rims on monthly plans that don't require credit checks. And, despite all these stereotypes (we're just kideen ... sort of), they save.

Seattle had the highest amount of average debt per consumer, at $26,646, according to the Experian report. That was followed by Dallas ($26,599) and Denver ($26,428). L.A. was at $24,009.