With rising costs across housing, healthcare and more, older adults are more likely to outlive their retirement savings in most U.S. states, including New York, according to a recently released study .
Using the latest data available on life expectancy at age 65, Social Security income, household net worth and cost-of-living metrics, senior living platform Seniorly found New York seniors are most likely to outlive their savings.
"Whether you're planning for your own future or helping a loved one make smart choices, understanding trends in cost of living and finances can make a real difference in the ability to age with peace of mind, independence and dignity," Seniorly says. "For those weighing options for retirement or long-term care, location matters more than ever."
Here's what to