For most Americans who retire to a foreign country,

Question

Quizplus · Accepted Answer

Most Americans who retire abroad do so for a variety of reasons, including a lower cost of living and a desire for a different lifestyle, which often leads to an increase in their standard of living or privilege due to the lower cost of living and potentially favorable exchange rates in the foreign country. They typically do not give up their U.S. citizenship, do not necessarily make significant financial sacrifices, and their presence does not inherently lower the cost of living for natives; it can sometimes increase it due to higher demand for goods and services.

For Most Americans Who Retire to a Foreign Country