{"id":180438,"date":"2025-06-13T06:53:08","date_gmt":"2025-06-13T06:53:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/180438\/"},"modified":"2025-06-13T06:53:08","modified_gmt":"2025-06-13T06:53:08","slug":"new-york-ranks-1-for-retirement-anxiety-in-the-u-s","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/180438\/","title":{"rendered":"New York Ranks #1 for Retirement Anxiety in the U.S."},"content":{"rendered":"<p>New York: the city that never sleeps\u2014partially because its residents are up all night worrying about retirement.<\/p>\n<p>A new study by <a href=\"https:\/\/www.goldiracustodians.com\/\" target=\"_blank\" rel=\"noopener\">Gold IRA Custodians<\/a> reveals that New Yorkers top the list for retirement anxiety, with a sky-high score of 81.08. That\u2019s right: More than any other state, New Yorkers are fretting over their golden years, thanks to a perfect storm of high living costs, uneven savings and a deeply embedded culture of financial angst.<\/p>\n<p>The study pulled data from all 50 states, analyzing everything from average retirement savings to elderly poverty rates and Google search trends for phrases like \u201cwill I ever be able to retire.\u201d The result is a revealing snapshot of where retirement nerves are most frayed\u2014and surprise, surprise, the Empire State came out on top.<\/p>\n<p>Even with average household retirement savings hovering around $382,000, <a href=\"https:\/\/www.timeout.com\/newyork\/news\/nyc-was-just-named-the-second-most-expensive-city-in-the-world-041425\" target=\"_blank\" rel=\"noopener\">New York\u2019s cost of living<\/a>, which is 23-percent higher than the national average, eats away at those nest eggs. Add to that the 16.9-percent of New Yorkers aged 55+ who have no retirement savings and a sobering 14.3-percent elderly poverty rate, and you\u2019ve got a city that\u2019s panicked, not just anxious.<\/p>\n<p>\u201cNew York exemplifies how high living costs can undermine even solid savings,\u201d Tim Schmidt, founder of Gold IRA Custodians, said. \u201cWhen your daily expenses are 23-percent above the national average, the same retirement nest egg simply doesn&#8217;t stretch as far.\u201d<\/p>\n<p>Hawaii and Rhode Island round out the top three most anxious states, largely due to similar pressures from sky-high prices and shaky financial preparedness. On the flip side, Iowa claims the lowest anxiety score in the country (49.35), combining strong savings habits with a cost of living that doesn\u2019t make your wallet scream.<\/p>\n<p>The lesson? Where you live plays a massive role in how confident\u2014or terrified\u2014you feel about retirement. \u201c[It] isn&#8217;t simply about how much money people have saved,\u201d Schmidt explained. \u201cRather, it&#8217;s about whether those savings can sustain their lifestyle in their specific location.\u201d<\/p>\n<p>Until the L train starts accepting 401(k) contributions or rent drops below \u201cyou\u2019ve got to be kidding,\u201d don\u2019t expect New Yorkers to chill about retirement anytime soon.<\/p>\n","protected":false},"excerpt":{"rendered":"New York: the city that never sleeps\u2014partially because its residents are up all night worrying about retirement. A&hellip;\n","protected":false},"author":2,"featured_media":180439,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,6419,474,6420,2499,6417,16,15],"class_list":{"0":"post-180438","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-categories-things-to-do","10":"tag-finance","11":"tag-news-city-life","12":"tag-personal-finance","13":"tag-things-to-do","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114674742295564349","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/180438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=180438"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/180438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/180439"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=180438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=180438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=180438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}