New Jersey Is 2021’s Worst State to Retire – WalletHub Study

The New Jersey Statehouse and Capitol Building In Trenton

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 today released its report on 2021’s Best States to Retire, as well as accompanying videos.

To help retirees find a safe, enjoyable and wallet-friendly place to call home, WalletHub compared the 50 states across 45 key metrics. WalletHub’s 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

For the full report, please visit:
https://wallethub.com/edu/best-and-worst-states-to-retire/18592

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