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Amid increasingly brutal heat waves because of climate change, retirees may now think twice before repairing to the Sunbelt. ... seniors have moved to states like Florida, Arizona, North Carolina ...
New research from Redfin found that older Americans are more likely than younger Americans to buy homes in places with “significant” climate risk. As of 2023, more than one-third (36.9%) of ...
Many are eyeing a move to North Carolina. Read Next: Housing Market 2024: Avoid Buying a Home in These 25 Texas Cities Check Out: 5 Types of Homes That Will Plummet in Value in 2024
Current Köppen climate classification types of North Carolina. Climate change in North Carolina is of concern due to its impacts on the environment, climate, people, and economy of North Carolina. "Most of the state has warmed one-half to one degree (F) in the last century, and the sea is rising about one inch every decade."
Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. In 2002, the funded ratio had declined to 82.1%.
The retirement fund is a defined benefit type pension plan and was only partially funded by the government, with only $268.4 million in assets and $911 million in liabilities. The plan experienced low investment returns and a benefit structure that had been increased without raises in funding. [29]
Extreme weather conditions brought on by climate change should cause some Americans to rethink their retirement destinations, according to one expert.
Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7 New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement ...