Summary
More Americans aged 55 and older are considering retiring abroad, with about 17% showing interest compared to just 4% in 1974. Many are driven by the search for warmer climates, affordable healthcare, and a lower cost of living. Europe, particularly France and Italy, is a popular choice due to its affordability and lifestyle attractions.
Key Facts
- 17% of Americans aged 55 and older want to retire abroad, up from 4% in 1974.
- Approximately 700,000 Americans receive Social Security benefits while living abroad.
- A Gallup survey found that 20% of all Americans wish to move permanently to another country.
- The cost of living, including housing, groceries, and healthcare, is a concern for retirees.
- Some countries offer more affordable healthcare than the U.S.
- France and Italy are popular retirement destinations due to cost-effectiveness and lifestyle.
- President Trump's second term saw an increase in the trend of Americans considering moving abroad.
