Maybe I’m missing the point, but COL in other countries is also only a fraction of the US’s. We don’t live in hunger and squalor over here, you know. Plus, to move, you won’t need significant savings.
No, the real issue, as with all migration from high- to low-wage countries, is that you cannot easily return for retirement because you’re not going to be able to save enough for the US’s housings prices or rents.
Maybe I’m missing the point, but COL in other countries is also only a fraction of the US’s. We don’t live in hunger and squalor over here, you know. Plus, to move, you won’t need significant savings.
No, the real issue, as with all migration from high- to low-wage countries, is that you cannot easily return for retirement because you’re not going to be able to save enough for the US’s housings prices or rents.