A lot if people move to poorer countries to feel richer. Its just overall its a small proportion of people ( very few people move out of their country ).
A lot of expats like to feel rich and its often one of the main reasons they are expats.
"Lower cost of living" is exact that - to feel rich among the poor.
A lot if people move to poorer countries to feel richer. Its just overall its a small proportion of people ( very few people move out of their country ).
A lot of expats like to feel rich and its often one of the main reasons they are expats.
"Lower cost of living" is exact that - to feel rich among the poor.
100%. Anecdotally, plenty of folks move to poorer countries: Brits and Germans to Portugal and Spain (OK, the weather,too…), Americans to Central America (again, beach weather also a factor), but for sure retirees on fixed incomes, or “retirees at 40” move to lower living cost places. Not sure how this affects Caplan’s thesis.
A lot if people move to poorer countries to feel richer. Its just overall its a small proportion of people ( very few people move out of their country ).
A lot of expats like to feel rich and its often one of the main reasons they are expats.
"Lower cost of living" is exact that - to feel rich among the poor.
100%. Anecdotally, plenty of folks move to poorer countries: Brits and Germans to Portugal and Spain (OK, the weather,too…), Americans to Central America (again, beach weather also a factor), but for sure retirees on fixed incomes, or “retirees at 40” move to lower living cost places. Not sure how this affects Caplan’s thesis.