Due to inflated living costs in the US, many older Americans are relocating overseas for affordable retirement options. Four retirees shared their experiences after moving to countries like Costa Rica, Ecuador, and Spain. For example, Amy Glenn, aged 72, chose Costa Rica after struggling on a $1,200 monthly Social Security benefit. Her bills in Costa Rica are significantly lower, alleviating financial stress. Overall, increasing consumer prices and insufficient retirement savings drive many to seek less expensive living environments abroad, highlighting a growing trend among American retirees.
"I would have never bought this much property in the US, and that takes a huge weight off my mind because I know that I'm not going to be homeless."
"We have a substantial number of people who don't have sufficient retirement savings to supplement their Social Security."
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