Some elderly people are opting to settle abroad after their retirement. This trend has a certain merits such as financial incentives and new experiences, but there are some drawbacks as well such as feeling lonely and adjusting to cultural differences.
To begin with, one evident benefit of moving to other country is the financial benefit. Many people receive a meager pension at their retirement and have a little support from the government. If they do not have family to live with, they have a prospect of living in poverty or just above subsistence in their final years. Hence, moving abroad to a country with low living cost will result in high standard of life. A For example hundreds of American retirees have settled in Philippines for a better life. Another advantage is that moving to a foreign land will allow people to have new experiences and do things they always wanted to do. For instance, a person who likes beaches could move to a tropical country and live a peaceful life.
On the other hand, there are some setbacks of moving to a foreign land. For a start, moving to a new country means adapting to new environment. Some may find it difficult to get accustomed to new weather, food and culture. Also, they might experience language barrier which may result in awkward situations. Moreover, another key drawback is feeling lonely and isolated as there are no kith and kin around them. These reasons can result in physical and mental strain.
In conclusion, the financial gains from residing abroad during retirement outweigh concerns about living conditions. Before making this decision it is important for each retired individual to weigh a number of factors pertaining to quality of life, finances, family and culture.
Some
elderly
people
are opting to settle abroad after their retirement. This trend has a certain merits such as financial incentives and
new
experiences,
but
there are
some
drawbacks
as well
such as feeling lonely and adjusting to cultural differences.
To
begin
with, one evident benefit of
moving
to other
country
is the financial benefit.
Many
people
receive a meager pension at their retirement and have a
little
support from the
government
. If they do not have family to
live
with, they have a prospect of living in poverty or
just
above subsistence in their final years.
Hence
,
moving
abroad to a
country
with low living cost will result in high standard of life. A
For example
hundreds of American retirees have settled
in Philippines
for a better life. Another advantage is that
moving
to a foreign land will
allow
people
to have
new
experiences and do things they always wanted to do.
For instance
, a person who likes beaches could
move
to a tropical
country
and
live
a peaceful life.
On the other hand
, there are
some
setbacks of
moving
to a foreign land. For a
start
,
moving
to a
new
country
means adapting to
new
environment.
Some
may find it difficult to
get
accustomed to
new
weather, food and culture.
Also
, they might experience language barrier which may result in awkward situations.
Moreover
, another key drawback is feeling lonely and isolated as there are no kith and kin around them. These reasons can result in physical and mental strain.
In conclusion
, the financial gains from residing abroad during retirement outweigh concerns about living conditions.
Before
making this decision it is
important
for each retired individual to weigh a number of factors pertaining to quality of life, finances, family and culture.