Survey Shows Why Travelers are Choosing Mexico for their Retirement
Submitted by Luis on Mon, 2012-03-19 18:57
Let’s face it, most people start thinking of retirement a week or two into their first job. So it stands to reason that a lot of thought goes into people’s retirement plans. Those exploring foreign destinations have always had plenty of options, and a recent poll by Barclays Wealth International found that retirement is the top reason (27.27 percent) among people moving to Mexico. To find out why Mexico has emerged as a prominent retirement destination among expats, you can simply look at the other top reasons in the survey.
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Cost of living (24.24 percent)
In the mid 90s inflation and cost of living were significant issues for many Latin American countries. However, the Mexican economy has stabilized and thanks to better economic planning by the authorities, the cost of living and inflation have become more controlled and acceptable. This stability has lead to significant investment from local
authorities and international companies.
Travel the world (12.12 percent)
Mexico is like few countries in that it has one of the most complex landscapes in the world. Whether it’s snorkeling the world’s second largest coral reef in Yucatan, visiting the monarch butterflies in the forests of Michoacán, bird watching in the rainforests of Oaxaca, or cruising the sand dunes of Baja California there a countless travel opportunities with Mexico.
Standard of living (9.09 percent)
The fact that this was one of the top reasons given speaks to the economic progress Mexico has made over the last decade. While Mexico’s economy was hit by the global economic downturn in 2008, it is quickly rebounding thanks to foreign investment – up 30% since 2010 – which has lead to the creation of new jobs across the country.
Weather (6.06 percent)
This one should come to no surprise especially after just having talked about Mexico’s wide array of climates and wildlife. It’s no secret tourists have always been attracted by Mexico’s wonderful weather and laid-back culture, so it stands to reason that people retiring in Mexico would be looking for the same experience.
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