Archive for the 'Panama Testimonials' Category
America’s Emigrants: US Retirement Migration to Mexico and Panama
International retirement migration streams can affect the economies and communities of favored retirement destinations, sometimes profoundly so. Retirement abroad, much like tourism, can be a powerful form of direct foreign investment and thus contribute to development efforts in other countries. Retirees buy or rent homes, provide employment for local workers, consume goods and services, and may attract greater investments and more foreign visitors to retirement areas.
In recent years, a steadily growing stream of Americans has been heading south to Latin America for retirement. And as the baby boom generation ages, that stream is expected to gain speed. It will be carried along by Read more
No commentsWatch Bananas Grow, More Retirees Relocate to Panama
MIGRATORY retirees have lent more than a touch of gray to Florida, Arizona and Southern California. Next stop on the aging boomer bandwagon: Panama.
AT HOME Honey Dodge, front right, and her husband, Larry, back left, who moved to Panama, welcome guests to their bed-and-breakfast.
With low housing and living costs, a stable political environment, relatively safe streets and that tropical climate, people in their 50’s and early 60’s are flocking to the Central American nation, rather than working for a few more years to scrape together enough money for a condo on the Florida coast.
“We’re seeing a significant number of Americans coming here to retire,” said William Ostick, a spokesman for the United States Embassy in Panama City. “Panama as a nation is trying to attract people who want to build second homes here, but a lot of them are selling their homes in the U.S. and just buying here.”
Mr. Ostick said Read more
