Fla residents likely to outlive their savings, study shows

A new study shows that Florida residents stand a good chance of outliving their retirement savings.

In a ranking of states where people are likely to outlive their savings, Florida came in fifteenth out of fifty. The study was by a group called Seniorly, and it analyzed data from the Centers for Disease Control, Social Security, the Census Bureau and the Bureau of Labor Statistics.

The analysis was alarming news for a place that’s so well known as a retirement haven. What is it that has made Florida less affordable in recent years? I talked with Victor Claar, associate professor of economics at FGCU’s Lutgert College of Business. He says that, especially since the pandemic started, Florida residents have been hit with significant cost increases.

One is natural disasters, and the attenda