Michigan isn’t the worst state for military retirees – that would be California –but it’s no where near Wyoming, which tops a new ranking from a social media company whose lists are intended to help guide followers through a labyrinth of online financial products.
Michigan came in 45th on WalletHub’s Best & Worst States for Military Retirees. The ranking uses comparable data from 50 states and the District of Columbia on 18 key metrics – ranging from taxes on military benefits to veteran job opportunities – that collectively speak to the economic environment, health care services and overall quality of life in each area.
The 10 Best The 10 Worst
1. Wyoming 42. Arkansas
2. New Hampshire 43. Rhode Island
3. Montana 44. Oregon
4. South Dakota 45. Michigan
5. Nebraska 46. Pennsylvania
6. Alaska 47. Illinois
7. Delaware 48. Arizona
8. Kansas 49. Indiana
9. Oklahoma 50. New York
10.Maine 51. California
Citing the Congressional Research Service, the authors of the study said the average officer is only 45.2 years old when he or she retires from service – and enlisted personnel are even younger 41.4 years old.
Other key takeaways:
Many retirees are still in the job market, and recent Afghanistan and Iraq war veterans in particular may have assimilation issues
Rising numbers of veterans are encountering hardship and homelessness
Many of today’s veterans find themselves at the juncture of critical public policy issues – nationa security, an aging population and a prodigious national debt – that could affect military retirees’ benefits.