U.S. Retirees Seek Safety and Affordability Abroad
Retirement migration is evolving, with U.S. retirees now driven by financial, political, and healthcare risks rather than just seeking sunny beach towns. Over 1.26 million U.S. retirees live abroad, with many planning strategic exits. In 2024, 34% of U.S. citizens expressed interest in moving abroad, up from 10% in 1974.
The top ten investment destination countries for U.S. retirees include Portugal, Spain, Thailand, Costa Rica, and others, valued for their climates, living costs, healthcare, and pension benefits. Dual citizenship is increasingly seen as a necessity. Over 760,000 retirees receive U.S. Social Security abroad. This shift is driven by rising living costs, political uncertainty, health insurance concerns, and a search for social stability. The retirement segment, aged 45 to 60+, is considering profound life changes, with 62% of U.S. citizens relocating abroad in 2024-2025 being retirees.
The U.S. is experiencing structural issues that are pushing middle- and upper-middle-class retirees to consider strategic exits. This trend is likely to continue, with more retirees seeking safer and more affordable living conditions abroad.
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