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Study: New Jersey Is Worst State to Retire in

Oh, New Jersey. You don’t get much right. The roads are terrible, the taxes outrageous, and the unfunded liabilities criminally high. 

If that weren’t enough, the Garden State is now also ranked the worst state in the entire country to retire in. Although retirees above 65 receive income from Social Security and sometimes pensions, for most it is not enough to cover all their expenses. This leads retirees to look for the states where it would make most financial sense to spend their retirement years.

To determine which states are best for retirement, personal finance website Wallethub ranked all 50 states across 45 indicators of retirement-friendliness, including affordability, health-related factors, and overall quality of life, and scored them on a scale between 0 and 100.

New Jersey came in dead last with an overall score of 37.41. New York didn’t fare much better, coming in 49th with a score of 41.86.

The top-ranked state for retirement is, unsurprisingly, Florida.

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There are 5 Comments to "Study: New Jersey Is Worst State to Retire in"

  • Jimmy says:

    If Florida is reading this, would you like to trade governors? No refunds.

  • Gabe says:

    Shocker

  • Optimist says:

    Baruch Hashem we never retire from Avodas Hashem!

  • Newy Jerseyfeld says:

    Sometimes, various news reports can easily conform with one another, if one employs a bit of logic. But occasionally news reports can appear to be contradictory with one another. It is then up to the news consumer to dovetail all of these news reports with one another via intense concentration, heavy beads of sweat and a generous supply of coffee.
    Here’s a list of headlines from the past 18 months or so pertaining to New Jersey:

    New Jersey Ranked one of Worst States for Driving, Mass Transportation

    Study: New Jersey one of Safest States to Drive in

    Report: New Jersey is 8th Worst State to Drive in

    Study: New Jersey Ranked 7th Best State to to Raise a Family in 2021

    New Jersey Has Worst Tax Climate in the Nation

    New Jersey the Most Hated State

    New Jersey Public Schools Rank Number 1 in the Nation

    Residents Fleeing New Jersey in Record Numbers

    New Jersey Residents Have 3rd Longest Average Lifespan

    New Jersey Ranked Smartest State in the US

    New Jersey Ranked 14th Safest State

    New Jersey Quality of Life Index Rising

    Report Shows a Rising Tide of Hate in New Jersey

    New Jersey Ranked 5th Happiest State

    New Jersey has Worst Debt in the Nation

  • Mutty says:

    That’s right: if your not wealthy after retirement you can not even stay in your house In NJ; the state gives a tiny little Property tax break for 65 and older which is for a primary residence only; or if you need any special medical care or home care outside of your Medicaid insurance it will wipe you out; A very terrible state not just to retire in but to work and live in, but if your children and grandchildren are here you have no choice.