Can’t Retire in the US? Why Many Americans Are Choosing This Country Instead

May 15, 2024 99

BY: VANCE CARIAGA

new survey from AARP laid out some hard truths about Americans approaching retirement age. One-fifth of adults 50 and older have no retirement savings, and more than half (61%) are worried they won’t have enough money to pay the bills in retirement — at least in the United States, which has the 12th-highest cost of living among 146 countries analyzed by Numbeo. To work around the problem, many seniors look to retire overseas, including in Italy.

The cost of living in Italy offers “significant savings” for American retirees, according to a blog from Green.org. It cited data showing that the cost of living in Italy is about 45% less than in the U.S. and that rent prices in the U.S. are 151% higher than in Italy.

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SOURCE: https://www.aol.com/

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