Sunday, June 16, 2019

Surge in Baby Boomers Retiring to Mexico




Sonu Wasu reports at ABC15 Arizona, “It's a different type of "surge" at the border, one that may not be as visible, but it's been happening for the last few years.”

“We are talking about a record number of U.S. citizens who are moving south of the border to retire.”

“This reverse migration trend is very real, and it's booming with more than one million American citizens estimated to be living in Mexico. Cost of living and climate are listed as the top two reasons for this migration. Mexico has a visa for such people, the "residente temporal," which targets people who do not work in Mexico and are economically self-sufficient.”

“Jamie and Paige Lopez are among these ex-pats who sold their home in Arizona and have now re-settled in Rosarito Beach, Mexico, just about 30 miles away from the San Diego border.”

"We live in a gated community. We bought a house that has three bedrooms, 2.5 baths, and an ocean view," said Lopez.

“Living on a retirement income, couples who have made this big move know they could never afford this lifestyle here in the United States.”

When you look at the number of baby boomers retiring; the cost of living in the US vs. Mexico; the wonderful weather, and the nearness of family and friends via the airplane, I’ve been surprised more United States citizens haven’t slipped the bonds and come down to Mexico to live and retire.

To read the rest of Wasu’s article, go to ABC15 Arizona.


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