WalletHub analyzed the 150 most populated cities in the United States to determine where retirees were better off spending the winter of their lives.
Cities with a lower score would do well to attract more older citizens, according to Maurice MacDonald, professor of personal financial planning at Kansas State University and a commenter on WalletHub's expert panel. "Communities that can attract new people at any age or with different backgrounds are inherently more vibrant and interesting. Today's retirees maintain youthful attitudes and many have more financial resources and time to participate in community activities as spenders and donors than the average community resident."
He suggested cities develop moderate-income housing and better medical services to meet those older citizens' demands, as well as invest in the cultural and outdoor activities that are unique to that city.
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