America


More Americans Moving Abroad in Retirement

by Ray Clancy on January 11, 2017

More and more Americans are retiring outside of the United States, and those numbers are only expected to increase in the next 10 years, according to figures from the country’s social security administration office.

The number of Americans choosing to live overseas when they retire increased by 17% from 2010 to 2015. That’s nearly 400,000 American retirees living in places such as Canada, Japan, Mexico, Germany and the United Kingdom – some of the most popular retirement locales.

old-age-retirementThese Americans cite the cost of living as one of the principal reasons for making such a huge change in their lifestyle. They can live better and cheaper abroad; for example, they may be able to afford to pay for someone to clean, cook and do their laundry.

According to the Pension Research Council at the University of Pennsylvania’s Wharton School, American pensioners also see moving to another continent as an opportunity to see other countries while they are still well enough to do so.

‘I think that many people retire when they are in good health and they are interested in stretching their dollars and seeing the world,’ said Olivia Mitchell, director of the Pension Research Council.

However, depending on where they choose to spend their retirement, many find that one of the main problems can be language. According to Viviana Rojas, an associate professor at the University of Texas at San Antonio, understanding the culture can also create problems.

Rojas is undertaking a study of Americans who have relocated to Mexico in retirement. Of those she has interviewed, she’s found that while many claimed to be able to speak Spanish, in reality they spoke very little of the language.

‘They didn’t have the capacity of speaking enough Spanish to meet their basic needs like going to the doctor or to the store,’ Rojas explained. She says that speaking a language while on holiday, for example, is not the same as when you actually live in a country and have to deal with everyday matters such as health, tax, finance, utilities and banking.

Indeed, Mitchell cites Pension Research Council studies showing that access to health care can be a challenge while living abroad, and retired people are more likely to need it than those on holiday.

Depending on the country they have moved to, they may also have to pay for their healthcare – which may be more expensive than in the US. However, in some countries it is cheaper.

{ 0 comments }

Thumbnail image for US makes changes to make foreign worker rules more flexible

US makes changes to make foreign worker rules more flexible

December 1, 2016 America

The United States has amended some visa rules to make it easier for employers to hire and retain certain foreign workers. The changes modernise and improve several aspects of employment-based immigrant visa programmes. The US Citizenship and Immigration Services (USCIS) has also amended regulations for employers to hire and retain certain foreign workers who are […]

Read the full article →
Thumbnail image for More than a million international students now studying in the US

More than a million international students now studying in the US

November 17, 2016 America

More international students than ever before are opting to study in the United States with their numbers reaching a million for the first time, new research shows. Overall, an increasing number of students are crossing the globe to gain practical, international experience that they can apply in their careers and life in a global society, […]

Read the full article →
Thumbnail image for Most US expats have moved with their family and half stay permanently

Most US expats have moved with their family and half stay permanently

November 4, 2016 America

The majority of expats who move to the United States do so with their families with most working in the healthcare and information technology industries, new research shows. The country of origin with the most number of expats is the UK with 18.7% moving from there to the US, followed by the Philippines with 12.6%, […]

Read the full article →
Thumbnail image for Immigration and citizenship fees to rise in the United States for first time in six years

Immigration and citizenship fees to rise in the United States for first time in six years

October 28, 2016 America

Fees for immigration visas and naturalisation in the United States are to increase in December 2016 for the first time in six years by an average of 21%, it has been announced. The US Citizenship and Immigration Services (USCIS) said that the new fees will be effective from 23 December and the increase is necessary […]

Read the full article →
Thumbnail image for US and UK dominate world university rankings

US and UK dominate world university rankings

September 9, 2016 America

Expat parents seeking the best university choice for their offspring should look to the United States and the UK, with institutions from both countries dominating the latest international rankings. For the fifth year in the row MIT in Boston is ranked top in the annual QS World University Rankings report, followed by Stanford in second […]

Read the full article →
Thumbnail image for US is top country for parents considering university study abroad for their children

US is top country for parents considering university study abroad for their children

September 1, 2016 America

The United States is the top country in the world that parents are most likely to consider for their offspring to study abroad, followed by the UK, Australia and Canada, according to new research. But they are also among the most expensive in the world with average annual tuition fees for overseas university students amounting […]

Read the full article →
Thumbnail image for Proposal to permit foreign entrepreneurs to stay in US for up to two years

Proposal to permit foreign entrepreneurs to stay in US for up to two years

August 29, 2016 America

International entrepreneurs could be granted permission to stay temporarily for up to two years in the United States to start up or scale up their business under a proposal currently being considered. The US Citizenship and Immigration Services (USCIS) has published the proposal in the Federal Register and interested parties have 45 days to comment […]

Read the full article →
Thumbnail image for New York is most expensive city to accommodate expat staff

New York is most expensive city to accommodate expat staff

August 8, 2016 America

New York is the most expensive city in the world for international companies to accommodate expat staff due to the high cost of residential and office rents. This is despite recent signs of slowing office rents and elevated use of incentives and concessions to both office and residential tenants, according to the latest research from […]

Read the full article →
Thumbnail image for U.S. most Expensive Place in the World for Private Medical Insurance

U.S. most Expensive Place in the World for Private Medical Insurance

July 30, 2016 America

When moving abroad, many expats – whether retired or working – often need private medical insurance. Now, new research shows the United States is the most expensive for health coverage in the entire world. Overall, the average cost of international private medical insurance in 2016 covers a range of US$7,608 to US$17,335, according to Pacific […]

Read the full article →
Thumbnail image for Special citizenship ceremonies to mark 240th anniversary of American independence

Special citizenship ceremonies to mark 240th anniversary of American independence

July 4, 2016 America

Thousands of people were taking part in citizenship ceremonies in the United States on the 240th anniversary of the Declaration of Independence. According to the United State Citizenship and Immigration Services (USCIS), more than 7,000 new US citizens were taking the oath at public parks and historic landmarks nationwide. ‘As we celebrate the birth of […]

Read the full article →
Thumbnail image for More people moving to South Florida than ever before

More people moving to South Florida than ever before

June 6, 2016 America

South Florida is attracting expats from around the world, many of whom buy a holiday home and then end up moving there, an international conference has heard. Of the 500,000 new residents who moved to the Miami, Broward, Palm Beach metro area over the last five years, for example, some 65% or 335,000, came from […]

Read the full article →
Thumbnail image for E-passport rules for entry to the US catching up with holders of older documents

E-passport rules for entry to the US catching up with holders of older documents

May 12, 2016 America

Strict new immigration rules for the United States are catching up with people arriving in the country without biometric passports. Since the 01 April all people arriving in the US, regardless of whether it is to live, work or for a holiday, must have a biometric or e-passport to enter. But millions of people with […]

Read the full article →