Retirees in New Hampshire will be in for a tough time if their Social Security ever runs dry. CreditCards.com says the population has a bad credit debt history. Add a high cost of living and lofty tax rate into the mix, and New Hampshire residents might have to start looking for additional sources of income to supplement their Social Security compensation after a few years of retirement.
Next: California is so not golden.
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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.