Alaska has the highest credit card debt in the nation at a whopping $5,868, according to CreditCards.com. With such debt looming, it makes sense residents in the Frontier State would be heavily reliant on guaranteed income, such as Social Security. Once that average $1,195 per month check is allocated to food, health care, and housing, there’s likely to be little left over for living an enriched life during retirement.
Next: Maryland residents don’t manage money well.
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2 thoughts on “Top 15 U.S. States Where People Mostly Rely on Social Security”
Looks like these states are the most liberal states in the USA.
New Hampshire does not have a high tax rate. In fact, there are comparison websites that show it is the third lowest tax rate (from the States) in the nation. We do not have any income tax. We do not have any sales tax. True, the real estate taxes are relatively high, but when you take into consideration that there are essentially no other taxes, we’re getting off easy. Also, the cost of living is rather low, compared to most other places. Food, gas, and insurance are lower here than in most other places that I have lived. So I have no idea what this survey is talking about. Perhaps New Hampshireites do rely on social security to a large extent, but when all things are considered, that government payout comes a lot closer to paying all their bills than in New York, for example.