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flag Retirees are fleeing major U.S. cities like New York and LA due to high costs, new data shows.

flag Retirees are leaving ten major U.S. cities, including New York City, Los Angeles, and Washington D.C., due to high living costs and other factors. flag These cities experienced the highest outflow of residents aged 60 and over in 2023. flag Four of the top ten cities are in California, which had the highest net loss of seniors. flag GOBankingRates suggests that retirees in New York need about $1.3 million to retire comfortably, while those in California need around $1.6 million.

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