Financial Mines

News and notes from the business reporters for the Connecticut Media Group.

Yahoo! Bridgeport-Stamford worst place to retire

by:

Yahoo, following in the footsteps of several other websites and publications, says the Bridgeport-Stamford metro region is once again the worst place to retire in America, based on costs.
Citing Census data and studies by private companies, including Genworth Financial, Yahoo said housing and nursing home costs, combined with taxes on social security and pensions, are some of the reasons this is a terrible place to retire. There was no mention of the weather.
Here’s the link to the analysis that will tell you why these places are so terrible for retirees:
http://news.yahoo.com/10-worst-places-retire-144342738.html

There was also no mention of why then the state is not being emptied of older residents and continues to see an increase in the median age or why then, Connecticut ranks sixth in the nation for having the most Centenarians. Could it be the public transit system is a wee bit better than other parts of the nation?

Some how, these lists always fail to note one reason these places are so darn expensive is a result of demand.

Rounding out the top 10 worst places to retire were:
Beautiful Honolulu

Los Angeles (No argument there. It’s hot and traffic is brutal… It’s also home to the Dodgers)

New York City (Expensive, but subways, buses, walkable and with some of the world’s greatest cultural sites and activities.)

Oxnard, Calif. (See L.A. Also, it’s the name.)
Poughkeepsie (Hard to spell)

San Diego.(This community is so beautiful, with such great weather, it just makes you angry you don’t live there when you visit.)
San Francisco. (See NYC. Also, this is home to the World Champion Giants. It’s a baseball team folks.)
And D.C. (Great monuments, museums and history, but then there are all those politicians and lobbyists.)

Categories: Economy, General

3 Responses

  1. geo whetstine says:

    If you can remember when and why Connecticut swelled with the dregs from down south you will have your answer to why so many seniors stay here.Our population exploded during WWII and then through the fifties and sixties driven by people seeking either work of a fat welfare check. Connecticut offered both.Tens of thousands of miners thrown out of work in Pennsylvania,W. Virginia and Ohio came here when the demand for coal began to run out. They worked hard and would take any job. And as they found work they called their friends and relatives to come east,Many of these immigrants have now retired and have returned to the areas of their youth where living is cheaper and generally better.The other group they arrived at the same time came mostly from the southern states at the urging of friends and relatives who promised them better living conditions and a generous “welfare”check,as it was called then. It was reported at the time that some local towns paid the bus fare for them to come north.These people remain here today keeping our population and assistance roles high. This is not about to change anytime soon.

  2. Rob Varnon says:

    what was the comment?

  3. geo whetstine says:

    Gee,I really wish I could have left a comment on Varnon’s article re.why Bpt./Stf.is the worse area to retire,but like the rest of the connpost web pages nothing seems to work as expected and the comment option would never engage. Wow! What a surprise!