People Moving to Latin America As Cost Of Living Keeps Increasing
The cost of living in the United States is going up.
Everything including housing, transportation, food and other essentials are getting more expensive with each passing day.
Unfortunately wages, pensions and people's 401k are not keeping pace.
What is a person living on a fixed income to do as he sees his buying power dwindling with every passing year? Many older ones have found that moving to Ecuador is the answer.
The country has a government that is amicable to the United States, boasts a high heath care system, has great weather and most importantly is very inexpensive to live in.
Indeed, the cost of living in Ecuador, along with many other Latin American countries, is low while still affording an individual a high standard of living.
Many experts say that a retired couple can live quite well in Ecuador off $1,200 a month.
That includes everything: homes, food, entertainment, a maid, etc.
No matter where you live, even in some areas in the southern section of the US, $1,200 a month will not get two people very far, even if some major liabilities, like their home, are paid off Individuals are finding out that it makes more sense to expatriate themselves in Ecuador than struggle financially in the United States.
After all, isn't that why people work hard 40+ years of their life? The whole goal is to work, provide well for their family and retire to a life of relative ease for the remaining 20-30 years of their life.
If you are struggling at with money at 65 then something is wrong and its, perhaps, time for a change.
The government of Ecuador wants Americans who have a stable income to come.
They provide an infusion of cash to their economy.
Just several thousand people coming to their country a year provides many jobs for its people that it would not otherwise have.
Not that Ecuador is dependent on expatriates.
Due to its booming petroleum industry the country seems to be doing better than ever, but nevertheless, foreign investment helps the local governments out immensely.
Its citizen's annual income is still far behind the US and one couple moving there, and spending money, provides a nice shot in the arm wherever they live.
As prices rise in not only the United States but other industrialized nations this trend is not expected to stop anytime soon.
A person who is about to retire, or has already retired, would do well to at least consider his options from a global aspect, considering where his dollars will take him the furthest.
The numbers seem to point to Ecuador, where he can live like a king instead of just getting by every month pinching pennies.
Everything including housing, transportation, food and other essentials are getting more expensive with each passing day.
Unfortunately wages, pensions and people's 401k are not keeping pace.
What is a person living on a fixed income to do as he sees his buying power dwindling with every passing year? Many older ones have found that moving to Ecuador is the answer.
The country has a government that is amicable to the United States, boasts a high heath care system, has great weather and most importantly is very inexpensive to live in.
Indeed, the cost of living in Ecuador, along with many other Latin American countries, is low while still affording an individual a high standard of living.
Many experts say that a retired couple can live quite well in Ecuador off $1,200 a month.
That includes everything: homes, food, entertainment, a maid, etc.
No matter where you live, even in some areas in the southern section of the US, $1,200 a month will not get two people very far, even if some major liabilities, like their home, are paid off Individuals are finding out that it makes more sense to expatriate themselves in Ecuador than struggle financially in the United States.
After all, isn't that why people work hard 40+ years of their life? The whole goal is to work, provide well for their family and retire to a life of relative ease for the remaining 20-30 years of their life.
If you are struggling at with money at 65 then something is wrong and its, perhaps, time for a change.
The government of Ecuador wants Americans who have a stable income to come.
They provide an infusion of cash to their economy.
Just several thousand people coming to their country a year provides many jobs for its people that it would not otherwise have.
Not that Ecuador is dependent on expatriates.
Due to its booming petroleum industry the country seems to be doing better than ever, but nevertheless, foreign investment helps the local governments out immensely.
Its citizen's annual income is still far behind the US and one couple moving there, and spending money, provides a nice shot in the arm wherever they live.
As prices rise in not only the United States but other industrialized nations this trend is not expected to stop anytime soon.
A person who is about to retire, or has already retired, would do well to at least consider his options from a global aspect, considering where his dollars will take him the furthest.
The numbers seem to point to Ecuador, where he can live like a king instead of just getting by every month pinching pennies.
