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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 ...
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."
Extreme weather conditions brought on by climate change should cause some Americans to rethink their retirement destinations, according to one expert.
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 North Carolina State Climate Office at North Carolina State University reported that its Mount Mitchell weather station recorded 24.41 in (620 mm) of rainfall. [22] The office referred to the total as "off the charts", comparing it to 16.5 in (420 mm) of rainfall being a once-in-1,000-year flood for the area.
Methodology: GOBankingRates determined the worst cities in North Carolina to live on only a Social Security check based on the average monthly benefit for retired workers, $1,790.56 ($3,581.12 for ...
According to a 2024 Northwestern Mutual survey, many Americans consider $1.46 million as the “magic number” for a comfortable retirement — however, that’s a far cry from reality for the ...