New Jersey Is 2020’s 4th Worst State to Retire

the staff of the Ridgewood blog

Ridgewood NJ, With 26 percent of all nonretired adults having no retirement savings or pension, the personal-finance website WalletHub today released its report on 2020’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 47 key metrics. The data set ranges from adjusted cost of living to weather to quality of public hospitals.

New Jersey Is 2020’s 4th Worst State to Retire.

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

• 42^nd – Adjusted Cost of Living
• 31^st – Annual Cost of In-Home Services
• 38^th – WalletHub ‘Taxpayer’ Ranking
• 37^th – Elderly-Friendly Labor Market
• 30^th – % of Population Aged 65 & Older
• 46^th – Health-Care Facilities per Capita

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