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10 States Where Boomers Have the Highest Risk of Bankruptcy
Written by
Gabrielle Olya
Edited by
Rebekah Evans

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When you’re in or near retirement, the last thing you want to think about is going bankrupt. But for some older Americans, this nightmare can become a reality.
A recent Moneywise study found the states where Americans ages 65 and older are most likely to go bankrupt by analyzing numerous factors including poverty rates, healthcare expenses, debt ratios and utility costs. Based on these factors and more, Moneywise calculated the elderly-bankruptcy-risk score per state.
Here’s a look at the 10 states where boomers ages 65 and up are most likely to go bankrupt.
Also here are six ways to rebuild your credit after a bankruptcy filing.
1. California
- Risk score (out of 100): 69.72
2. Alaska
- Risk score (out of 100): 66.74
3. Massachusetts
- Risk score (out of 100): 65.92
4. Hawaii
- Risk score (out of 100): 63.34
5. Maine
- Risk score (out of 100): 60.53
6. New Hampshire
- Risk score (out of 100): 60.07
7. New York
- Risk score (out of 100): 59.03
8. Vermont
- Risk score (out of 100): 56.17
9. Virginia
- Risk score (out of 100): 55.11
10. Florida
- Risk score (out of 100): 54.23
Data is sourced from Moneywise and is accurate as of August 2, 2024.
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