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.
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.
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.