Apologies if this has been posted already here. Came across this earlier today. I guess you all knew this already. I wish they do similar study for NRIs with mid life crisis :)) (crisis = urge to return)
https://www.cnbc.com/2018/05/01/the-10-cheapest-countries-to-retire.html
Cheers..
CNBC The 10 cheapest countries to retire in (guess where India on the list)
CNBC The 10 cheapest countries to retire in (guess where India on the list)
Very Interesting ! They mentioned poverty as one of the problems in India, but the more serious issue for older people may be pollution in major cities.
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FlavourFlave
- Posts: 243
- Joined: Mon Oct 09, 2017 10:50 am
CNBC The 10 cheapest countries to retire in (guess where India on the list)
Yup, one of the benefits of India is that it's poor.
CNBC The 10 cheapest countries to retire in (guess where India on the list)
Another list of top-10 :) - when someone is desperate to drive traffic to their website, devise some methodology to come up with a list of this or that. Honestly, don't know their methodology so not sure what to make out of it.
Having said that, it's easy to see why India is an excellent retirement destination - or at least as a part-year residence in old age. This is true for people with a connection to India. Healthcare costs are still much cheaper (with relatively good quality) - considering increasing healthcare costs it makes financial sense to be there. Of course, retirement is much more than just hospital costs - personally, I can't see myself anywhere other than where I am somewhat socially engaged. For people of Indian origin, India and US both make good sense depending on personal family/financial situation; but not sure if its true for a person of non-Indian origin. For non-Indians, it might make sense as a medical tourist - and I hear this market is actually booming in India with more and more tourists for temporary residence to get treated for something - but moving to a 'new' country in retirement to save some bucks - not sure how many people actually do that type of thing.
Having said that, it's easy to see why India is an excellent retirement destination - or at least as a part-year residence in old age. This is true for people with a connection to India. Healthcare costs are still much cheaper (with relatively good quality) - considering increasing healthcare costs it makes financial sense to be there. Of course, retirement is much more than just hospital costs - personally, I can't see myself anywhere other than where I am somewhat socially engaged. For people of Indian origin, India and US both make good sense depending on personal family/financial situation; but not sure if its true for a person of non-Indian origin. For non-Indians, it might make sense as a medical tourist - and I hear this market is actually booming in India with more and more tourists for temporary residence to get treated for something - but moving to a 'new' country in retirement to save some bucks - not sure how many people actually do that type of thing.
CNBC The 10 cheapest countries to retire in (guess where India on the list)
SkyFall09;674019Apologies if this has been posted already here. Came across this earlier today. I guess you all knew this already. I wish they do similar study for NRIs with mid life crisis :)) (crisis = urge to return)
https://www.cnbc.com/2018/05/01/the-10-cheapest-countries-to-retire.html
Cheers..
I guess when they consider renting, India will come out as cheap. But not sure how many people factor in the hassle of dealing with the landlord. In other words, renting in India is not same as renting in USA, quality wise there is a huge difference. The one reason why I may ever have to think of buying instead of renting is not having to deal with individual landlords and having to haggle for expensive repairs.
Weird thing is they have Germany and Spain on that list, you got to be kidding me comparing Mexico and Turkey with these countries
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Old-Spice2
- Posts: 1898
- Joined: Wed Jan 17, 2007 11:38 pm
CNBC The 10 cheapest countries to retire in (guess where India on the list)
soxfan;674032Another list of top-10 :) - when someone is desperate to drive traffic to their website, devise some methodology to come up with a list of this or that. Honestly, don't know their methodology so not sure what to make out of it.
Having said that, it's easy to see why India is an excellent retirement destination - or at least as a part-year residence in old age. This is true for people with a connection to India. Healthcare costs are still much cheaper (with relatively good quality) - considering increasing healthcare costs it makes financial sense to be there. Of course, retirement is much more than just hospital costs - personally, I can't see myself anywhere other than where I am somewhat socially engaged. For people of Indian origin, India and US both make good sense depending on personal family/financial situation; but not sure if its true for a person of non-Indian origin. For non-Indians, it might make sense as a medical tourist - and I hear this market is actually booming in India with more and more tourists for temporary residence to get treated for something - but moving to a 'new' country in retirement to save some bucks - not sure how many people actually do that type of thing.
Watch Best Exotic Marigold Hotel movie - bunch of retirees from Britain move to India as they cannot afford UK. Some of them make the best out of it. Couple of them find a job in a call center to supplement their income.
CNBC The 10 cheapest countries to retire in (guess where India on the list)
We're number one in another respect too !
http://www.bbc.com/news/world-asia-india-43972155
Delhi Number 1, Mumbai number 4 (but only one third the pollution).
I was in Delhi in Oct/Nov a couple of times for Diwali and the smog was beyond horrendous. Even 30-40km out of the city, not a breath of fresh air.
http://www.bbc.com/news/world-asia-india-43972155
Delhi Number 1, Mumbai number 4 (but only one third the pollution).
I was in Delhi in Oct/Nov a couple of times for Diwali and the smog was beyond horrendous. Even 30-40km out of the city, not a breath of fresh air.
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returning_indian
- Posts: 2322
- Joined: Thu May 06, 2010 12:56 am
CNBC The 10 cheapest countries to retire in (guess where India on the list)
Why would people after retirement stay in metro cities? There are tons of places in Himachal, Uttarakhand, Jammu, etc etc which are cold places and awesome small towns to stay. Cost of living is fraction of those of metro city. Roads are all well built and pollution is zero. Social life is awesome as people are simple and do not aspire much. There is hardly any greed and they are content with their lifestyle. Have heard similar reviews of small towns in South.
Maybe dbsji can shed some light on why he choses in polluted city. Maybe better half and relatives.
Maybe dbsji can shed some light on why he choses in polluted city. Maybe better half and relatives.
CNBC The 10 cheapest countries to retire in (guess where India on the list)
returning_indian;674054Why would people after retirement stay in metro cities? There are tons of places in Himachal, Uttarakhand, Jammu, etc etc which are cold places and awesome small towns to stay. Cost of living is fraction of those of metro city. Roads are all well built and pollution is zero. Social life is awesome as people are simple and do not aspire much. There is hardly any greed and they are content with their lifestyle. Have heard similar reviews of small towns in South.
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Healthcare in smaller towns is certainly an issue, AFAIK. Routine health care is fine, but I don't think advanced facilities are readily available (although I would welcome more comments on this).
if one has a house already, cost of living is not that much worse in metro cities. Certainly, family, friends, international airports, wide range of entertainment and cultural activities. I'm not dissing small towns -- many are very nice places (although I'm not so sure about well built roads -- off the national highways, my experience hasn't been that great. And some cities (even highly polluted Delhi) have a lot of green areas in the middle.
CNBC The 10 cheapest countries to retire in (guess where India on the list)
dbsji lives on a golfcourse. Not sure how many retirement destinations can offer that.
And on that pollution list, Srinagar ties with gurugram so I am not sure how much one can avoid pollution by moving to smaller cities and healthcare would be an issue as has been pointed out already.
On a related note, in our previous generations our fathers and great grand fathers moved from villages/town to big cities in search of livelihood, do you guys think they would have similar dilemmas that one day when they figure out "how much is enough" they would return back to where they had come from and lead a simpler life. I recently found a long lost friend. Her parents are originally from Uttarkhand but she now lives in NCR. In our conversations, she always longs to go back to her pahaad (haldwani or whereever that is), something similar to some highly emotional threads on this R2I forum.
And on that pollution list, Srinagar ties with gurugram so I am not sure how much one can avoid pollution by moving to smaller cities and healthcare would be an issue as has been pointed out already.
On a related note, in our previous generations our fathers and great grand fathers moved from villages/town to big cities in search of livelihood, do you guys think they would have similar dilemmas that one day when they figure out "how much is enough" they would return back to where they had come from and lead a simpler life. I recently found a long lost friend. Her parents are originally from Uttarkhand but she now lives in NCR. In our conversations, she always longs to go back to her pahaad (haldwani or whereever that is), something similar to some highly emotional threads on this R2I forum.
returning_indian;674054Why would people after retirement stay in metro cities? There are tons of places in Himachal, Uttarakhand, Jammu, etc etc which are cold places and awesome small towns to stay. Cost of living is fraction of those of metro city. Roads are all well built and pollution is zero. Social life is awesome as people are simple and do not aspire much. There is hardly any greed and they are content with their lifestyle. Have heard similar reviews of small towns in South.
Maybe dbsji can shed some light on why he choses in polluted city. Maybe better half and relatives.