Today’s retirees want to maintain an active lifestyle. For many, that means the energy and excitement of living in a big city. Investopedia analyzed the best places to spend retirement and came up with a list of the six best big cities for retirees.
They are Chicago, Illinois; Houston, Texas; Miami, Florida; Nashville, Tennessee; Philadelphia, Pennsylvania; and Pittsburgh, Pennsylvania.
The researchers looked at various metrics and determined that retiring in a big city provides options for free or low-cost entertainment, large airports to save money on travel, and plentiful healthcare access.
Additionally, big cities are often highly walkable and have robust public transit systems, allowing retirees to save money on transportation and reduce the need to drive while aging in place.
Council of Seniors is Here to Help Older Americans
All of us here at the Council of Seniors want to improve retirees’ financial futures and ensure they receive their full Social Security benefits. We are working with members of Congress to introduce the “Social Security Restitution Act.” It would provide an estimated $970 one-time payment to every retired worker receiving Social Security benefits, to help offset years of inadequate cost-of-living adjustments.
According to the Council of Seniors’ Executive Director Barbara Godwin, “For years, seniors have watched their Social Security checks fail to stretch as far as they should, while the cost of everyday essentials keeps climbing. This legislation is a straightforward, targeted way to help make up for cost-of-living adjustments (COLAs) that didn’t reflect what retired Americans were actually paying to get by.”
Please take a moment and sign our petition today to show your support.