The 5 top and bottom wallet-friendly states for retired adults

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The 5 top and bottom wallet-friendly states for retired adults
The 5 top and bottom wallet-friendly states for retired adults

Wyoming is the state that is most senior-friendly to retiree finances, and Maine is the worst in that regard, according to new data released Tuesday by SeniorAdvice.

The rankings are based on the finance category of SeniorScore, the senior living search website's proprietary system that also considers health and safety, recreation and leisure, and general quality of life. The finance category factors in tax rates, cost of living expenses, average income and senior living costs.

The top five states as far as retirement finances, according to the company:

  1. Wyoming
  2. Virginia
  3. South Dakota
  4. Alabama
  5. Louisiana

The bottom five states:

  1. California
  2. Illinois
  3. New Mexico
  4. New York
  5. Maine

For details, see this post on the SeniorAdvice website.

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