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North Carolina ranks among the best states to retire with a limited budget, ranking 14th. According to the U.S. Census Bureau, Americans aged 65 and older have the highest poverty rate of any age group. In 2020, during the peak of COVID-19, it was 9.5% and has been increasing and has increased consistently since then. In 2022, it rose to 14.1%. The cost-of-living adjustment (COLA) of 3.2 percent will be a profitable payer for more than 66 millio…
North Carolina ranked among top states for budget-friendly retirement - Chatham Journal Newspaper
By Katherine Zehnder Raleigh, NC – According to a recent study by Seniorly, North Carolina has been ranked amongst the top states to retire on a budget, coming in at No. 14. photo by Steven Martin According to the US Census Bureau, Americans 65 and older have the highest poverty rate of any age group. In 2020, during the peak of COVID-19, it was at 9.5% and climbing and has increased steadily since. In 2022, it was up to 14.1%. “The 3.2 percen…
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