💨 Abstract

The article discusses the increasing trend of American retirees moving to Latin American countries like Mexico, Costa Rica, Panama, and Colombia due to the high cost of living in the U.S. Many retirees seek affordable housing, lower medical costs, and favorable climates. For instance, Jessica Davis and her husband moved from San Diego to Cancún, Mexico, to stretch their retirement savings. Mexico, in particular, offers significant savings on daily expenses and housing compared to the U.S.

Courtesy: WTOP Staff