9 countries where retirees get a lot more for their money

beach in the Philippines

The island state attracts with its low cost of living.

(Photo: dpa)

Zurich, Madrid, Bangkok, Stockholm High inflation weighs heavily on pensioners in Germany. The price increase of 7.9 percent on average in 2022 was offset by pension increases of around five percent in the old and six percent in the new federal states last summer. In 2023, too, the pension adjustment threatens to be below the rate of inflation. The result: significantly lower purchasing power.

However, retirees do not have to sit idly by and accept the development. If you are willing to move abroad, you will often get much more for your money in southern Europe, Southeast Asia or South America: residential complexes with a pool, domestic help and life near the beach are an affordable luxury in many places. Emigration can also be worthwhile for tax purposes.

Interest is growing: Despite the pandemic, the number of Germans who have their pensions transferred abroad rose by 1.5 percent to 251,000 in 2021. When choosing a new home, however, careful consideration is necessary, as our overview shows.

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