This State is Home to the Country’s Richest Retirement Towns
Between Hollywood and the tech industry, it’s probably not surprising that California is home to the nation’s richest retirement towns. GOBankingRates compiled a list of America’s 50 Richest Retirement Towns and 13 of them are in California.
The Bay area town of Saratoga ranked at the top of the list with a median household income of $241,348. It received high marks for health/safety, commute, and crime, but a C- for housing, a D+ for amenities, and an F for cost of living.
Other states making up the top 10 richest retirement towns included New York, Illinois, Florida, New Jersey, Hawaii, and Washington.
The Seniors Trust is committed to improving the financial well-being of older Americans through the passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and will ensure the long-term solvency of the Social Security program.
