A new study ranks Wisconsin the No. 36 best U.S. state for older workers.
As health care and living costs continue to rise, a growing number of seniors cannot afford to retire, while others opt to work, encouraged by better health, longevity and the flexibility of remote work. A record 11.2 million seniors currently remain in the workforce, and that number is expected to increase to 14.8 million by 2033.
Seniorly’s study on the Best States for Older Workers, released Tuesday, analyzed data from the Bureau of Labor Statistics, Census Bureau and Federation of Tax Administrators. Six factors specific to seniors in each state were evaluated, including median income, income tax, remote work, labor force participation, business growth rate and age-related workplace discrimination.
Among the key findings, Wisconsin has a top personal income tax rate of 7.65% (No. 43), while new business applications fell by 7.6% year over year (tied for No. 35) and seniors’ median household income is $52,916 (No. 34).
