Skip to content

States That Score Highest for Retirement Security

April 15, 2014

A new analysis finds that nearly every state falls short in key areas that measure retirement readiness. The report, recently presented at the National Institute on Retirement Security’s fifth annual retirement policy conference, gauges the relative performance of the 50 states and the District of Columbia in three key areas:

– anticipated retirement income

– major retirement costs like housing and health care

– labor market conditions for older workers.

No state ranks in the top group of states on all eight scorecard variables. The data underlying the scorecard indicate key areas of trouble that affect most or all states. For instance, the highest ranking state for workplace retirement plan participation in 2012 (Iowa) had only 54% of private employees participating in a pension or 401(k).

In addition, the number of states with more than 30% of older households experiencing a housing cost burden increased from 14 to 31 from the year 2000 to 2012.

These are the 10 states that score highest on the financial security scorecard for retirees:

From → retirements *

Comments are closed.