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Wednesday, December 28, 2016

Growing number of Americans are retiring outside the US

Newly widowed, Kay McCowen quit her job, sold her house, applied for Social Security and retired to Mexico. It was a move she and her husband, Mel, had discussed before he passed away in 2012.

“I wanted to find a place where I could afford to live off my Social Security,” she said. “The weather here is so perfect, and it’s a beautiful place.”

She is among a growing number of Americans who are retiring outside the United States. The number grew 17 percent between 2010 and 2015 and is expected to increase over the next 10 years as more baby boomers retire.

Just under 400,000 American retirees are now living abroad, according to the Social Security Administration. The countries they have chosen most often: Canada, Japan, Mexico, Germany and the United Kingdom.

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2 comments:

  1. AnonymousDecember 28, 2016 at 7:21 PM

    Good luck with the health care in Mexico to all older retirees.

    ReplyDelete
  2. AnonymousDecember 29, 2016 at 6:56 AM

    Must be liberals who would want to move where you cant drink the water,no rule of law,politically corrupt systems then want America to save them when something goes wrong.

    ReplyDelete

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