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Rising Costs of Living :1 in 5 Retirees Plan to go Back to Work This Year

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the staff of the Ridgewood blog

Ridgewood NJ, after a surge in retirement during the early months of the pandemic, the rate of retired workers returning to the job market has slowly been increasing over the past year. And as the labor shortage drags on, more opportunities have become available for those looking to come back to work, especially in a part-time capacity.

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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.

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New Jersey lousy place to retire, study finds

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New Jersey lousy place to retire, study finds

New Jersey’s high taxes, cost of living and overall malaise are coming back to bite it among retirees, according to a survey released last week. • The Garden State ranks as the sixth-worst state to retire, Bankrate.com found. And it could have been worse if the personal finance website graded the states using only pocketbook issues.

“If it wasn’t for the family, I wouldn’t be here because the taxes are too high,” said Peggy Brocco, 68, of Manchester. “I’m in a senior development, and I pay $8,200 in (property) taxes.” (Diamond/Courier Post)

https://www.courierpostonline.com/story/news/2015/04/01/new-jersey-lousy-place-retire-study-finds/70758880/