Maine ranks low as retirement state
Maine ranked 30th out of the 50 states and Washington, D.C., in Wallet Hub’s survey of great places to retire, the Bangor Daily News reported.
Wallet Hub was launched in 2012 as “a one-stop destination for all the tools and information consumers and small business owners need to make better financial decisions and save money,” according to the data-crunching outlet’s website.
Florida ranked No. 1 as a retirement state, followed by Wyoming, South Dakota, South Carolina and Colorado. Rhode Island ranked last. WalletHub’s analysts compared the 50 states and the District of Columbia across 24 key metrics, including affordability, quality of life and health care costs.
The nation is facing a “silver tsunami” of retirees, with the number of Americans age 65 or older calculated to almost double to 88 million by 2050 from 45 million in 2013. Those numbers will weigh heavily on the health, pension and business systems and the impact will span several generations, according to demographer Mark Mather, associate vice president of U.S. Programs at the Population Reference Bureau, a nonprofit demographic group based in Washington, D.C.
Wallet Hub ranked Maine as 11th in the nation for quality of life.
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