Chuck Bolotin of Best Places in the World to Retire describes how (or even if) expats living in places like Mexico could achieve a lower cost of living.
A study of expats primarily in Central America, “Expats: Expectations & Reality,” found that 86.6% thought that they would achieve a lower cost of living by moving abroad. The study, which was conducted by Best Places in the World to Retire, also found that 84.2% did achieve a lower cost of living. A follow-up study, “Expat Reports: Is It Cheaper to Live Abroad?” reported that 34% spent less than half as much abroad as they did before.
PHOTO: International Living
Those numbers certainly underscore one of the great advantages of living in certain foreign countries. But what is the cause in those few cases when expats experience a higher cost of living?
The reports suggest…
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Source: thestreet.com
