Canada


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 Canada marks 70 years of citizenship

Canada marks 70 years of citizenship

January 4, 2017 Canada

Special ceremonies have been held in Canada to mark the 70th anniversary of the country’s citizenship act and events will be held throughout 2017. Canada was the first Commonwealth country to create its own citizenship separate from Great Britain when the act was introduced on 03 January 1947 and now all residents can apply for […]

Read the full article →
Thumbnail image for Changes to family visa programme in Canada start on 03 January

Changes to family visa programme in Canada start on 03 January

December 28, 2016 Canada

Family reunification is a key immigration commitment of the Government in Canada for 2017 with changes to how the programme works starting in the New Year. It used to be that there was a mad rush at the beginning of January for applications being submitted for the parent and grandparent visa programme, but 2017 will […]

Read the full article →
Thumbnail image for Canada announces changes to temporary foreign worker programme

Canada announces changes to temporary foreign worker programme

December 15, 2016 Canada

Changes are being made to the temporary foreign worker programme in Canada to make it easier to access jobs. In order to prevent unnecessary hardship and instability for both workers and employers, the four-year cumulative duration rule will no longer apply to temporary foreign workers in Canada, it has been announced. The cumulative duration rule, […]

Read the full article →
Thumbnail image for Canada announces faster and simpler visa processing for families

Canada announces faster and simpler visa processing for families

December 9, 2016 Canada

People who have moved to Canada without their spouses and Canadians marrying someone from overseas will be able to be reunited with their spouses faster. The Canadian Government has announced changes that will make it faster and easier for Canadians and permanent residents to reunite with their families. Immigration Minister John McCallum called on Immigration, […]

Read the full article →
Thumbnail image for New fast track visa processing in Canada for highly sought after skilled workers

New fast track visa processing in Canada for highly sought after skilled workers

December 2, 2016 Canada

Companies in Canada will be able to bring in highly skilled experts they need to grow their business from overseas as part of a new global skills strategy to be introduced in 2017. The aim of the strategy is to help companies flourish by attracting highly qualified people from around the world to boost innovation and […]

Read the full article →
Thumbnail image for Mexico latest to be part of new Canadian eTA visa-free travel scheme

Mexico latest to be part of new Canadian eTA visa-free travel scheme

December 1, 2016 Canada

People from Mexico will no longer need a visa to travel to Canada from next month and can now apply for an electronic travel authorisation (eTA) online. Mexico is the latest country to be included in the new eTA programme which means that citizens from authorised countries flying into Canada or transiting through will not […]

Read the full article →
Thumbnail image for Canada wants more French speaking immigrants

Canada wants more French speaking immigrants

November 23, 2016 Canada

Canada wants to attract more French speaking immigrants, but the move has been criticised amid claims that others arriving in the main French speaking part of the country are struggling with the language. According to Immigration Minister John McCallum, Francophone newcomers make an important contribution to Canada and highlight the nation’s commitment to ensuring the […]

Read the full article →
Thumbnail image for Express entry changes announced in Canada in effect from this weekend

Express entry changes announced in Canada in effect from this weekend

November 18, 2016 Canada

Changes to the Express Entry system in Canada will take effect from this weekend relating to job offers, points awarded and permanent residence applications. From 19 November the points awarded by the Comprehensive Ranking System (CRS) for a job offer will change in three ways. Firstly points will be awarded for job offers of eligible […]

Read the full article →
Thumbnail image for Canada announces visa free travel for citizens of Romania and Bulgaria from next year

Canada announces visa free travel for citizens of Romania and Bulgaria from next year

November 16, 2016 Canada

Visa requirements for Romanian and Bulgarian citizens arriving in Canada will be lifted from the beginning of December 2017, the Canadian Government has confirmed. However, from some people the need for a visa will be lifted from May next year. This applies to Romanian and Bulgarian citizens who have held a Canadian temporary resident visa […]

Read the full article →
Thumbnail image for Canada, New Zealand and Australia see spike in immigration queries from the US

Canada, New Zealand and Australia see spike in immigration queries from the US

November 10, 2016 Canada

Official immigration websites in Canada, Australia and New Zealand experienced a spike in users from the United States when it became clear that Donald Trump would be the next American President. It is thought that it was the result of a huge number of Americans not pleased at the prospect of continuing to work and […]

Read the full article →
Thumbnail image for Canadian officials issue final reminder about flight boarding document change

Canadian officials issue final reminder about flight boarding document change

November 7, 2016 Canada

A final reminder has been issued by the Canadian Government that people travelling to the country must have the appropriate documents before getting on a flight as of 10 November. That is when the new Electronic Travel Authorization (eTA) will be rigorously enforced as part of a policy to make sure that those who are […]

Read the full article →
Thumbnail image for Canada announces new immigration levels for 2017

Canada announces new immigration levels for 2017

November 2, 2016 Canada

The Government of Canada has confirmed that it is committed to an immigration system that strengthens the country’s middle class through economic growth and attracting investment. It means that there are likely to be more opportunities for people with skills and those wanting to start a business in Canada in 2017 to become a permanent […]

Read the full article →