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"Many Americans are struggling to make ends meet in their golden years," said
Interest.com examined the
"The D.C. area's retirees do particularly well for themselves," said Sante. "This is likely due to the fact that the D.C. area has a large number of retired federal employees, many of whom are able to reap the benefits of pension plans."
People age 65 and older are able to replace at least 60% of their younger counterparts' annual incomes in 28 states and
In the two lowest-ranking states,
Nationally, the median income for those who are 65 and older equals just 60% of the median income for 45 to 64 year-olds.
For the complete rankings of all 50 states and
Since it was created in 1994, Interest.com has been helping consumers make smart financial decisions. Interest.com's stories, calculators and interest rate tables also appear on the websites of more than 100 newspapers in 31 states, including the
Interest.com is owned by Bankrate, Inc., which is among the largest and most trusted providers of personal finance advice and information on the Web.
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