Where Seniors Are Most and Least Financially Secure
Where Seniors Are Most and Least Financially Secure
Based on factors ranging from food stamp use to housing costs, these cities are where seniors are the best and worst off.
Editor s Note: This story originally appeared on SmartAsset.com.
A 2019 report from the Federal Reserve on the economic well-being of U.S. households says that only 37% of Americans think that their savings are on track for retirement. The rising costs of living, medical expenses and long-term care can make it difficult to save enough for annual retirement expenses.
With this context in mind, SmartAsset compared data from 100 cities nationwide to identify and rank the places where seniors are the most and least financially secure. This is SmartAsset’s 2021 study on where seniors are most and least financially secure. Read the 2020 version here.
10 Cities Where Single Homeownership Rates Are Rising
In these U.S. cities, many people who live alone are choosing to buy rather than rent.
Editor s Note: This story originally appeared on SmartAsset.com.
While saving up for a down payment and closing costs can be difficult, the U.S. Census Bureau says that individuals in some cities are increasingly buying over renting. According to a recent report, almost 3 out of 10 owner-occupied homes are one-person households, which means that 36.2 million homes in 2020 were owned by single homeowners. SmartAsset crunched the numbers to identify and rank the cities where single homeowners are buying the most.
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10 Cities Where More Seniors are Staying in the Workforce
In this cities, the percentage of older workers is rising.
Editor s Note: This story originally appeared on SmartAsset.com.
The traditional retirement age of 65 is not a universal benchmark, especially for many older workers who are staying in the workforce beyond this age. The Social Security Administration has set the full retirement age for workers born in 1960 or later at 67. Furthermore, the U.S. Bureau of Labor Statistics projects that 33.2% of workers between the ages of 65 and 74, as well as 11.8% of those 75 and older, will still be working in 2029. With all this in mind, SmartAsset identified and ranked the cities where seniors are increasingly staying in the workforce for 2021.
15 Best Cities for Outdoor Jobs
15 Best Cities for Outdoor Jobs
Chalk it up to terrific temperatures, high wages or the number of opportunities for outdoor work these places are simply the best.
Editor s Note: This story originally appeared on LawnStarter.
Just like the vast outdoors, jobs working in the heat, cold, sun and rain are varied roofers, mail carriers, forest rangers and landscapers, to name just a few.
Some jobs require people to be outside such as ski instructors, garbage collectors, linemen, scuba divers and vineyard managers. Some people just prefer working in the sun.
But not every city or its weather is equally suitable for a career in the fresh air and sunshine.