One of the worst states in the country to be an older American: Tennessee

The U.S. labor force retirements surged after the COVID-19 epidemic. There were 2.4 million additional retirements in the first 18 months of the pandemic, according to experts. By mid-2021, 19.3% of the US population was retired, the biggest share in at least 25 years, as a result of the record increase.

The pandemic’s health dangers and rising asset values, notably in property and the stock market, which made retirement financially realistic, were the two biggest reasons older Americans stopped working in recent months.

 

 

A person’s general well-being in old age is influenced by a variety of elements, two of which are health and financial security. Every state’s cost of living for a comfortable retirement is outlined here.

Over a dozen important socioeconomic variables were used by 24/7 Wall St. to find the best and worst states to retire in. In each state, the metrics were chosen to assess the well-being of the 65 and older population in terms of health, financial security, safety, and social involvement.

Older Americans are ranked as the 10th-worst citizens in Tennessee because of a high crime rate. Tennessee has the third-highest rate of violent crime in the US, with 673 incidents per 100,000 residents. For comparison, the national rate of violent crime is 399 per 100,000 people in the United States of America.

Health outcomes for Tennessee’s elderly residents are also below average. The state has one of the lowest life expectancy rates in the nation, with a 65-year-old life expectancy of just 17.9 years, making it the lowest in the country.

Older Tennesseans are more likely than the average 65-year-old Americans to be living in poverty and to have less money set up for retirement.

Leave a Reply

Your email address will not be published.


*