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WalletHub: New Jersey is 2021’s worst state to retire

NEW JERSEY – New Jersey is 2021’s worst state to retire , according to a study done by WalletHub.

With 26 percent of all nonretired adults having no retirement savings or pension and a quarter of Americans expecting to delay their retirement due to the economic impact of COVID-19, the personal-finance website WalletHub Monday released its report on 2021’s best states to retire.

To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 45 key metrics. Our analysis examines affordability, health-related factors and overall quality of life.

Retiring in New Jersey (1=Best; 25=Avg.):

    • 41st – Adjusted Cost of Living
    • 33rd – Annual Cost of In-Home Services
    • 39th – WalletHub ‘Taxpayer’ Ranking
    • 38th – Elderly-Friendly Labor Market
    • 28th – % of Population Aged 65 & Older
    • 47th – Health-Care Facilities per Capita
    • 36th – COVID-19 Positive Testing Rate in the Past Week

Source: WalletHub
Here are the top 5 best states to retire
  1. Florida
  2. Colorado
  3. Delaware
  4. Virginia
  5. North Dakota

Here are the top 5 worst states to retire:

  1. New Jersey
  2. New York
  3. Mississippi
  4. New Mexico
  5. Rhode Island

For the full report, click here

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

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