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.):

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

For the full report, click here