Global News Journal

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Top budget retirement destinations abroad



Looking for a fabulous place to retire on a budget? GlobalPost picked 10 intriguing overseas locales where you can stretch every dollar.

Are you one of the Americans struggling to save for retirement who President Barack Obama mentioned in his State of the Union address? GlobalPost has put together a slideshow of some of the best places to settle down when you need to make your dollar last. We favored countries that not only have low costs of living but also offer beautiful, relaxing settings; access to good medical care; and a range of activities to keep you busy.

Notes on methodology:

The Cost of Living Index, compiled by the Economist Intelligence Unit, compares the cost of maintaining a typical international lifestyle in a foreign country with that of  New York City. New York prices are the base at 100. The figures come from the Economist’s Pocket World in Figures 2009 Edition.

The United Nations Human Development Index measures a country’s adult literacy, life expectancy and income levels. The figures here, which come from the U.N. Human Development Report 2009, are scaled from 0 to 100. Countries scoring over 80 are considered to have high human development and those scoring under 50 have low human development. The United States has a human development index of 95.6.