Only three in 10 workers say that they’re “very confident” they’ll have enough money for retirement, according to a report by WalletHub, personal-finance website.
Best cities to retire |
Worst cities to retire |
1. Orlando |
173. Arlington, Texas |
2. Charleston |
174. Jersey City |
3. Scottsdale |
175. Detroit |
4. Tampa |
176. Vancouver, Washington |
5. Minneapolis |
177. Wichita, Kansas |
6. Denver |
178. Rancho Cucamonga, California |
7. Cincinnati |
179. Spokane, Washington |
8. Fort Lauderdale |
180. Bridgeport, Connecticut |
9. Miami |
181. Newark |
10. Atlanta |
182. San Bernardino |
Best vs. worst
- Scottsdale, Arizona, has the highest share of the population aged 65 and older, 24.30 percent, which is 3.2 times higher than in Irving, Texas, the city with the lowest at 7.50 percent.
- Brownsville, Texas, has the lowest adjusted cost-of-living index for retirees, 75.65, which is 2.6 times lower than in Pearl City and Honolulu, Hawaii, the cities with the highest at 195.83.
- Plano, Texas, has the highest share of workers aged 65 and older, 25.02 percent, which is 2.4 times higher than in Detroit, the city with the lowest at 10.57 percent.
- St. Louis has the most home health care facilities (per 100,000 residents), 68.79, which is 36.2 times more than in Fontana, California, the city with the fewest at 1.90.
Fortunately, many people don’t move for retirement.
More than half of retirees never move from the homes they occupied while in their early 50s while nearly a fifth move around the time of retirement and then stay put, a Center for Retirement Research study found. For the rest, about half move only when their state of health requires it.
This post first appeared on The Survive And Thrive Boomer Guide, please read the originial post: here