Article Text
Virginia ranks as the nation’s 14th-best state for older workers, boosted by relatively strong senior household incomes, remote-work opportunities and labor force participation.
The study evaluated six factors affecting older workers: median income, income taxes, remote work, labor force participation, business growth and age-related workplace discrimination. Cost of living was not included.
Virginia’s median household income for seniors is $64,938, the 10th-highest figure nationwide. About 18.4% of older workers work from home, placing the state 14th, while 32.3% of older adults participate in the labor force, tied for 15th.
Elsewhere in the region, Maryland placed fourth and Washington, D.C., claimed the top spot.
A record 11.2 million seniors are still working across the United States, and that figure is projected to reach 14.8 million by 2033. Rising health care and living expenses are making retirement unaffordable for some older adults, while others remain employed because of improved health, longer lives and greater remote-work flexibility.
The 10 highest-ranked states were Washington, New Hampshire, Alaska, Maryland, Colorado, Connecticut, Massachusetts, South Dakota, Utah and Vermont.