New Jersey Is 2021’s Worst State to Retire In

file photo by Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, 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.):

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