Here's how long $1M in retirement savings will last you in New York
Here's how long $1M in retirement savings will last you in New York is drawing significant interest across the industry.
A new study has determined that $1 million in retirement savings lasts less than 13 years in New York, due to the sky-high costs of housing, healthcare, and groceries. GOBankingRates examined the average annual expenditures for people ages 65 and older in every state as reported in the Bureau of Labor Statistics 2024 Consumer Expenditure Survey. They subsequently applied those variable sums against a $1 million constant to calculate how long that amount of money would last.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
Related Articles
- Dheeraj Cukke: The Disciplined Eye Behind Bangalore's Growing Runway Fashion Scene
- Barcelona vs. Levante: Pedri, Gavi fitness updates issued ahead of must
- 'Vladimir' Creator on Bringing Rachel Weisz's Sexiness to Netflix
- Taapsee Pannu addresses RG Kar rape and murder in Kolkata: ‘Which case am I supposed to comment on?’
Source: Original →