Retirees Flock to Latin America to Live an Upper-Class Lifestyle on $1,500 a Month Jim Wyss - Miami Herald
go to original June 3, 2017

Mexico Best Place To Retire 2017 Voted #1 Lake Chapala, Puerto Vallarta, San Miguel de Allende (Jerry Brown Travels)

To casual visitors, this colonial town in southern Ecuador looks like it was torn from the pages of history. With its cobbled streets, soaring cathedrals and bustling markets, it exudes a lazy, old world charm.

But Cuenca is also on the cutting edge of a very modern trend: providing a safe haven for U.S. retirees who have found themselves unwilling — or unable — to live out their golden years at home.

The growing wave of ex-pat seniors is not only upending notions about retirement in the hemisphere but reshaping the face of communities throughout the Americas. And the trend is expected to grow as waves of baby boomers exit the workforce ill-prepared for retirement.

There’s no accurate way to measure the phenomenon, but the Social Security Administration was sending payments to 380,000 retired U.S. workers living abroad in 2014 — up 50 percent from a decade ago.

In the Americas, records show that seniors are flocking to Canada, Mexico, Colombia, the Dominican Republic and Ecuador.

Read the rest at Miami Herald

Related: Mexico Named World’s #1 Retirement Destination: How Did That Happen? (The Huffington Post)

Related: Healthcare from $80 a Month in the World’s Best Retirement Havens (InternationalLiving.com)

Related: Mexico Real Estate – Top Retirement Lifestyle Choice for Canadians (Good Herald)

Related: Four Countries Woo North American Retirees with Attractive Benefits and VIP Treatment (InternationalLiving.com)

Related: Thinking of Retiring in Mexico? (Good Herald)

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