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this new trend of retiring abroad, especially in the aftermath of the global financial meltdown that decimated home values and ravaged many accounts.
Many people continue living where they live because of their work. When they retire, they make the ultimate decision of moving to a place where they will feel more comfortable and where their money will last (Knowledge). According to Social Security Administration’s annual statistical supplement, the exact number of Americans retirees receiving social security benefits outside the United States is 350,000. The majority of these individuals are finding their way to countries like Ecuador, Mexico, Canada and the UK (Edwards & Daniels 101). This number is expected to increase with 4 million baby boomers already making plans to retire abroad (Edwards & Daniels 100).
The main driving force behind this new trend shown by retirees is financial security. According to the confidence survey of 2014, only 14 percent of the workers indicated that they were confident of having enough funds to live comfortably in the United States. This low level of confidence comes as a result of the global economic crisis that crushed the gains that had been made on the middle income household net worth. During this period, home price index went down by 23 percent (Knowledge). Retirement accounts that act as supplements to social security and other forms of retirement income were also not spared (Knowledge)
The cost of living in such countries is much lower compared to the United States. For example, the rent in San Jose, a city in Costa Rica is 57 percent lower than in the city if Philadelphia (Knowledge para.8). Additionally, the prices for consumer goods are lower by 59 percent when the same city is compared to American cities. These benefits notwithstanding, the retirees need to know that that there are hidden charges that they need to consider before deciding to reside abroad. For instance, the imported goods in emerging markets are
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There are many causes that make people study abroad. Studying in one of the best universities in the world is a reason people want to study abroad. Also, traveling around the world and visiting many places is a big attraction for people. Many people choose to study abroad to have a good status in society in the future.
Nowadays traveling plays significant role in day-to-day life. Accepting democratic principles and opening borders for foreigners gave a great opportunity to explore other territories besides native land and choose the most appropriate countries to stay in for normal vital activity.
For most of these students, study abroad is a life changing experience that easily influences and reshapes the rest of their lives, and their perspective towards life. For American students, this is an especially important experience. Following the events that have taken place, such as the September 11, 2001 event, there is a great benefit in students understanding the world views of people from different parts of the world.
This allows them to get equipped with these skills and develop an edge for themselves amid the competition. Primarily, this gives the students an opportunity to be self-sufficient as they learn to adapt to the new environment and the different circumstances that it brings independently.
The author of the essay shares his/her thoughts concerning studying abroad. According to the text, the student has decided to join Lynn University in the United States and there are several reasons for it. They are as follows: one gets to learn a new language, it gives the opportunity to travel, it allows to learn a new culture, it helps develop skills.
Hundreds of students from UAE are witnessed to flee to foreign countries and acquire education from their respective universities every year. Arhamah Alshamsi, who acquired education from the US in 1990's, stated in his interview that one gets useful exposure regarding the different cultures of the world.
Since globalization has become an essential consideration in economics, politics, science and technology, international studies are becoming more popular than ever. Therefore, great interest must be spent on this international phenomenon to help ensure the success of
According to an international survey conducted by the Cable News Network in 2013, Bolivia has been ranked as one of the most unfriendly and unwelcoming countries in terms of entertaining foreign tourists (Cha, 2013). Apart from Bolivia, India has also been enlisted
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