Overall Philosophy, Have A Plan

Retiree Cost By State

There’s probably not a lot new in this chart for most readers, but I thought it’d be a good reminder on a Friday morning …

The author of the infographic (Ooma) did a nice job thinking about the key expenditures for seniors. There is more detail on the data sources & state ranking in their website.

While it’s relatively easy to compare the cost of things from state-to-state, it’s really difficult to assess the quality that’s delivered. Quality is challenging to judge because it has many dimensions and we all value them differently.

Still, anything surprise you in the chart?

Graphic Image: Pixabay

4 thoughts on “Retiree Cost By State”

  1. I was surprised by the variance between states surrounding Minnesota. South Dakota was 47th cheapest, Iowa 33rd, Michigan 34th.

    I also learned about Supplemental Security Income, which is income administered by the Social Security Administration that gets handed out to people with no work history. No wonder our country is broke.

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    1. Yeah – MN is quite different than most of our neighboring states from a political perspective. I guess it’s the state’s Scandinavian heritage. There are a lot of Swedes & Norwegians here and those countries are very much admired.

      I didn’t know much about Supplemental Security Income. I guess it’s just another one of the 15 Federal welfare programs. I think few Americans know what they all do, who is eligible for them, or what they cost. We trust that the politicians & bureaucrats managing them are doing an effective job, even if we know they are not! 😉

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      1. Ironically, Sweden and Norway had a homogenous society where people all contributed to the common good. Amazing that they put up with the fraud and slothfulness coming from certain communities in Minnesota, such as those who run the Learing Center.

        I didn’t know about SSI either. It is one of the criteria listed on the bottom of the grid, and I wondered what it was, and found out you are correct in assuming it is another form of welfare.

        So, we have bend points that provide a 90% payout to those who ‘contributed’ the least to Social Security and SSI that for those who contributed nothing. My prediction several months ago that those who receive the largest Social Security Payouts would be villainized seems to be happening, and yet those who are receiving or in my case, will be receiving the most are already getting the worst return on Social Security. If there were more like us, Social Security would be solvent.

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      2. Yep. We’ve been branded “Total Luxury Boomer Communists”. Political rhetoric is – unfortunately – a horribly effective thing. “Live long enough and you become the villain”.

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