Key facts
- Florida has the highest percentage of residents aged 65 and older in the U.S.
- Many retirees are experiencing increased anxiety due to rising costs in Florida.
- Homeowners' insurance premiums have increased dramatically, especially in coastal areas.
- Hurricane season (June-November) can cause significant emotional and financial stress for residents.
Florida has long been a popular retirement destination due to its warm weather, beaches, and tax-friendly policies. However, recent years have seen a shift as newcomers realize that the state's rising costs, particularly for insurance and the ongoing stress of hurricane season, can create significant financial and emotional burdens, undermining the ideal retirement.