May 5, 2012 – When picking a place to retire, an important criteria is the percentage of people collecting pensions. The Wall Street Journal reports that states with many pensioners have greater financial stability.
Frank Porell, NIRS report author and an economist at the University of Massachusetts Boston, tells The Wall Street Journal, “These households are better off, spend more money, pay more taxes and rely less on government support.” The article also reports on NIRS’ Pensionomics 2012 study that analyzes the economic impact of state and local pensions in all 50 states. NIRS executive director says the impact of pension expenditures helps keep property values stable, and might be especially vital to small or rural communities. Read the full story here . (Subscription required)