The Massachusetts Institute of Technology's AgeLab recently reported that the averge American life expectancy has risen about a decade since 1950, which means savings have to stretch further than ever before. Because of increased longevity, some retirees are running out of money, and where older adults are less financially secure, other economic complications may follow, according to a new study from SmartAsset. The study uncovered where people 65 and older are most and least financially secure, based on an examination of data on the 37 largest cities in the U.S. Researchers ranked the cities across the following metrics of financial security from the Census Bureau's 2021 American Community Survey's 1-year estimates:
See the gallery for the 15 U.S. cities where people 65 and older feel most financially secure, as ranked by SmartAsset.
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