I'll admit to helping my college student daughter while she was studying here so she could have some good meals and see more of LAM. But when they graduate and look for a job, my thinking is they should be able to live on their salary. The OP has taken a consulting job, not a non profit one! If he couldn't find a decent job at home a subsidy might be in order, but he's an engineering grad, and most of them can find jobs in the states that will yield an upper middle class wage right out of college. Starting salary an average of about $60K.
It's hard to believe any company can attract American or European college grads for $5K pesos per month. Even now.
On the retiree front, I can see a health care driven decision for non medicare aged early retirees. But if health insurance is not the issue, most of what drew these folks here is no longer valid. Cost of living vs. home is not significantly lower.
And let's not forget that most before the last few years got much of what led to a good life here by selling their homes for good money before they came. The vast majority have lost much of their home equity.
Americans and Europeans are running out of places that cost much less than staying home. Many of the places mentioned--Panama, Costa Rica and Mexico for example--have become as expensive as here unless you want to live in a poor, rural area. And that's not where most expats head.
It's hard to believe any company can attract American or European college grads for $5K pesos per month. Even now.
On the retiree front, I can see a health care driven decision for non medicare aged early retirees. But if health insurance is not the issue, most of what drew these folks here is no longer valid. Cost of living vs. home is not significantly lower.
And let's not forget that most before the last few years got much of what led to a good life here by selling their homes for good money before they came. The vast majority have lost much of their home equity.
Americans and Europeans are running out of places that cost much less than staying home. Many of the places mentioned--Panama, Costa Rica and Mexico for example--have become as expensive as here unless you want to live in a poor, rural area. And that's not where most expats head.
