Retirement in America? Too Expensive.
The new book Gringolandia: Lifestyle Migration Under Late Capitalism by Matthew Hayes - https://twitter.com/matthewfhayes - explores the little-discussed phenomenon of migration from North to South by retirees, focusing on the historic city of Cuenca, Ecuador. In this city, as many as 12,000 North Americans have arrived in recent years to enjoy the colonial Spanish architecture and low cost of living. The movement of “snowbird” pensioners from cold Northern countries to warmer, Southern ones, illustrates that maintaining middle-classness into one’s golden years is getting more and more difficult. It is also the story of the stark inequality between wealthy countries that produce “expats” and poorer countries that send “migrants.”Continue reading on newrepublic.com