More Americans Are Retiring Outside the United States
The number of Americans retiring outside the United States has grown 17% between 2010 and 2015 with the percentage only expected to increase over the next ten years due to the baby boomers. These retirees most often choose to live in Canada, Japan, Mexico, Germany, and the United Kingdom, citing the cost of living in America as the reason for moving elsewhere. However, the biggest obstacle of moving to another country at retirement is not speaking the language or knowing the culture. Also, while still being able to receive Social Security, these retirees are not afforded access to Medicare, which can make health care a challenge.
See Growing Number of Americans Are Retiring Outside the US, Fox News, December 27, 2016.
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