45% of NJ’s baby boomers plan to leave the state when they retire, poll shows…

December 14th, 2011 No Comments

A recent Kean University/New Jersey Speaks poll of NJ baby boomers revealed some interesting results. It shows that 45% of NJ’s boomers plan to retire out-of-state due to the high cost of living in New Jersey. It also shows they are worried about losing their jobs, reports NJ.com. New Jersey residents aren’t alone in their concerns about their financial situation as they head toward retirement (an assisted living facility in NJ, for example, averages $59,250 per year, according to Genworth Financial). Many seniors do not have the financial resources to live throughout their “golden years”—many even plan to work until they are 80, reports oanow.com.

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