My friend lived in a beachfront hut in Thailand for a couple of years and he said his total cost of living was $7 per day, including food and alcohol, and he drank A LOT of alcohol.
This is it. So many retirees are too poor to live in Western countries, let alone live well. They have a small pension (if that), some old age benefits, maybe some paper wealth in real estate that they can’t access because the cheap cost of shelter from that real estate is critical to making ends meet. If they get divorced, then they probably need to sell the house, so no more cheap shelter.
Moving somewhere cheap is their only option to have a dignified retirement. Of course, that probably is just delaying the inevitable since older age comes with all sorts of health issues and at some point they will probably need health and elder care they can’t afford in their home country.
My friend lived in a beachfront hut in Thailand for a couple of years and he said his total cost of living was $7 per day, including food and alcohol, and he drank A LOT of alcohol.
This is it. So many retirees are too poor to live in Western countries, let alone live well. They have a small pension (if that), some old age benefits, maybe some paper wealth in real estate that they can’t access because the cheap cost of shelter from that real estate is critical to making ends meet. If they get divorced, then they probably need to sell the house, so no more cheap shelter.
Moving somewhere cheap is their only option to have a dignified retirement. Of course, that probably is just delaying the inevitable since older age comes with all sorts of health issues and at some point they will probably need health and elder care they can’t afford in their home country.
Sounds about right. Food is about 300 Bhat a day, local booze about 200, so that leaves about 200 Bhat for hut rental and misc.