US. Why The Senior Migration Trend Should Drive Better Discussions Of Longevity
I’m alarmed by the increasing interest in what I’ll call forced senior migration: that is, American seniors who move abroad in order to ensure they can live less expensively, hoping to prolong their retirement nest eggs.
Writer Max Holleran Hayes recently captured this phenomenon in a thought-provoking rumination in The New Republic on Gringolandia: Lifestyle Migration Under Late Capitalism, a new book by Matthew Hayes. Essentially, he noted that many current social, political and economic policies are driving a reverse caravan of seniors leaving the U.S. for a better life. Many of those believe there is no choice.
The reasons that led to the exodus are among those that drove a shift in my career — I now focus on helping educate seniors, hopefully giving them financial options they may not have known they had. I want to help seniors stay in our country if they want to.
Why and where are seniors moving abroad? Travel and adventure in our golden years should be an option, not a refuge for seniors who feel they must embrace international relocation in the face of changes or perceived changes to Social Security and other benefits or the ever-increasing portions of their budgets devoted to health care.
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