July 26, 2012
Senior Years Abroad

Yves Smith at Naked Capitalism:

…While people who are under financial stress don’t have much in the way of options, I see more and more people of modest and better means planning on becoming expats to make their retirement incomes go further…

Those who are approaching retirement age and have the time, energy, and financial headroom would do much better to get out of Dodge. America ranks badly on pretty much every social indicator, which means that moving to what is nominally a third world county isn’t just a step up in terms of spending power but often in overall quality of life.

Thus we are likely to see another sort of hollowing out take place: the lower income and wealthy elderly will remain here, while more in between who have the resources and energy will depart. We already have the economic-oriented literature depicting retirees as a burden. Imagine what a middle class exodus in this age group will do for the political and economic position of the aged…



Posted by Jerome Doolittle at July 26, 2012 07:48 PM
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The US is perfect for retirement. Stay there - Peruvian ex-patriate.

Posted by: evil is evil on July 27, 2012 7:30 PM

Peruvian ex-patriate: Would you mind sharing some health care, maybe if it was outpatient only?

Posted by: knowdoubt on July 29, 2012 7:21 AM

Come to Germany! A lot of Germans who retired to Spain and Greece are returning now for health-care issues.

So you're welcome to Germany. But don't forget to bring some money, otherwise they might not let you in.

Posted by: Peter on July 30, 2012 11:13 AM
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