Need another reason for retiring to Mexico? This is a recap of facts about the current economic status of American citizens, from various credible financial information sources including the GAO in Washington, DC. In “50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe,” the “Economic Collapse” blog offers up a long list of bullet points that draw a depressing economic picture. Fifty may be overkill, but even the ten below paint a pretty depressing picture.
1. Forty-eight percent of all Americans are either considered to be “low income” or “living in poverty.”
2. Approximately 57 percent of all children in the United States are living in homes that are either low income or impoverished.
3. Since December 2007, median household income in the United States has declined a total of 6.8% once you account for inflation.
4. One recent survey found that one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.
5. At present, 19 percent of all American men between the ages of 25 and 34 are now living with their parents.
6. One study found that approximately 41 percent of all working age Americans either have medical bill problems, or are currently paying off medical debt.
7. The retirement crisis in the United States just continues to get worse. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.
8. Child homelessness in the United States is now 33 percent higher than it was back in 2007.
9. Today, one out of every seven Americans is on food stamps, and one out of every four American children is on food stamps.
10. A staggering 48.5% of all Americans live in a household that receives some form of government benefits. Back in 1983, that number was below 30 percent.
Not on the list, but a cogent argument, nonetheless – Your purchasing power with US dollars lost 15% this year alone!
Moving to Mexico, on the other hand, puts you in a country where as Roberto Coronado, an economist at the El Paso branch of the Federal Reserve Bank of Dallas says, ”. . . as of December , Mexico had $140 billion in foreign exchange reserves, plus a line of credit with the International Monetary Fund worth $72 billion.”
Did you know that . . . ?
- Mexico is the 11th largest economy in the world and growing.
- Google’s growth in Mexico is faster than in China or India.
- Mexico’s GDP is growing at 2+ times that of the US.
So dream the dream, and whether it’s retirement in Mexico, a home in Mexico, the best places to live, healthcare, auto insurance in Mexico, the cost of living in Mexico, or Mexican lifestyle questions, we have the information you need to make the move to Mexico.