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Older Americans in most parts of the country are struggling to afford retirement. A widely accepted rule of thumb is that seniors need at least 70% of their pre-retirement income to live comfortably after their working years, but a Bankrate analysis of median income data from the U.S. Census Bureau’s American Community Survey finds that only retirees in Hawaii, Alaska and South Carolina are reaching that goal.
These states were lowest for income replacement in retirement, counting down to the state ranked last.
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