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New Jersey Is 2021’s Worst State to Retire In

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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.):

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:

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