7. New Jersey
On average, New Jersey retirees get $1,337 a month from Social Security, as of 2012, according to AARP. And 3 in 10 rank this monthly payment as their sole source of income. And while many retirees pass the time enjoying the Jersey Shore beaches, that’s about all they will be able to afford once their checks get allocated elsewhere. Get Rich Slowly found New Jersey residents haven’t capitalized on savings as much as they could have and will feel the heat once their income is cut during retirement.
Next: This retiree hotspot will definitely need Social Security.