Excellent, grania. Thanks for the facts. Florida is full of retirees who have to be in trouble financially by now. They too have been handed all their retirement preparation back to them on a taco. It is a scandal.
And, they vote!
I’m a Florida retiree whose IRA is performing quite well, thank you. My savings accounts pays little if any interest, but isn’t necessary for my survival, anyway. Most folks who have prepared for retirement that I know in my community are doing just fine. The key is going into retirement debt-free and living within your means. SS and Medicare are great safety nets that aren’t unraveling, yet.