The coastal state of South Carolina is becoming increasingly attractive for retirees. Cities, such as Charleston, are rich with Southern charm and full of exciting opportunities to explore. But people in South Carolina will likely need to lean heavily on Social Security benefits for funding as they’re not exactly known for their saving abilities. Plus, the state’s 7% income tax bracket affects anyone who earns over $14,600. Yikes.
Next: The inconsistencies in New Hampshire
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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.