What Indexes should be Considered to Find Retirement Countries? - part 1

Thursday, December 19, 2019
A tropic beach, just for illustration

Some retire persons in developed countries try to find “suitable” places for their retirements.

The places might be in Asian countries, European nations and in Latin American countries.

Word of suitable refers to the “cheapest” or affordable nations. At least, 2 Indexes should be Considered to Find Retirement Countries:
- cost of living index
- local purchasing power index

Cost of living index is a tool to compare cost between one location to other locations. In this case, USA (New York) as a standard. It is included the cost of:
- one gallon of milk
- gas (transportation)
- food
- clothing
- utilities
- groceries
- other cost of goods and services that relate to every day life.


Sample of Local food

The highest score for cost of living index is 100. A particular place or country might be have the higher or lower than 100, the meanings are following:

1) If index score higher than 100, let’s say 115:
- the meaning that the place or country has the higher cost of living. 15% expensive more.

2) If index score lower than 100, let’s say 85:
- the meaning that the place or country has the lower or cheaper cost of living. 15% cheaper.

What is local purchasing power index?

What countries to be included as cheaper countries and suitable for retirement?

We will discuss in the following post.

# To be continued at part 2

38 comments:

  1. Keren nih mas, pake di index segala. Kalo saya suka yang halaman yang luas dan sejuk. Jadi bisa berkebun

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      A tropic beach, just for illustration

      Delete
  2. Thanks for your sharing 😊 greetings from Turkey...

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      Some retire persons in developed countries try to find “suitable” places for their retirements.

      Delete
  3. Interesting post :) have a great day :)

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      The places might be in Asian countries, European nations and in Latin American countries.

      Delete
  4. Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      Word of suitable refers to the “cheapest” or affordable nations. At least, 2 Indexes should be Considered to Find Retirement Countries:
      - cost of living index
      - local purchasing power index

      Delete
  5. very interesting information
    Regards
    Lili

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      Cost of living index is a tool to compare cost between one location to other locations. In this case, USA (New York) as a standard. It is included the cost of:
      - one gallon of milk
      - gas (transportation)
      - food
      - clothing
      - utilities
      - groceries
      - other cost of goods and services that relate to every day life.

      Delete
  6. Really interesting information. Thanks for sharing.

    Kisses

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      Sample of Local food

      Delete
  7. Costa Rica seems to be a popular place for retirement. I'm not sure I'd want to change countries, though.

    ReplyDelete
    Replies
    1. I see....

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      The highest score for cost of living index is 100. A particular place or country might be have the higher or lower than 100, the meanings are following:

      Delete
  8. In today's world, I don't know if I would go anywhere else than the USA. We have our problems, but still the best place to be.

    ReplyDelete
    Replies
    1. I see....

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      1) If index score higher than 100, let’s say 115:

      - the meaning that the place or country has the higher cost of living. 15% expensive more.

      Delete
  9. I never thought of this before
    xx

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      2) If index score lower than 100, let’s say 85:

      - the meaning that the place or country has the lower or cheaper cost of living. 15% cheaper.

      Delete
  10. Great info! Looking forward to part 2:)

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      What is local purchasing power index?

      Delete
  11. While cost of living is one thing to consider, I would also look at availability of health care. I remember a hospital in Vietnam. Not many Americans would want to be there, even though I find Vietnam a wonderful country and it's health care would be better than Cambodia

    ReplyDelete
    Replies
    1. Yes, health care is one of important factors to settle in a particular place...

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      What countries to be included as cheaper countries and suitable for retirement?

      Delete
  12. I look forward to seeing your list. I need to think about where I want to spend my golden years.

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      We will discuss in the following post.

      # To be continued at part 2

      Delete
  13. I can't wait to find out which countries are great in your next post.

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      A tropic beach, just for illustration

      Delete
  14. Informative. Looking forward to part 2.

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      Some retire persons in developed countries try to find “suitable” places for their retirements.

      Delete
  15. Soo nice:)
    Marry Christmas Dear:*

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      The places might be in Asian countries, European nations and in Latin American countries.

      Delete
  16. Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      Word of suitable refers to the “cheapest” or affordable nations. At least, 2 Indexes should be Considered to Find Retirement Countries:
      - cost of living index
      - local purchasing power index

      Delete
  17. Waitting for the second part, very interesting

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      Cost of living index is a tool to compare cost between one location to other locations. In this case, USA (New York) as a standard. It is included the cost of:
      - one gallon of milk
      - gas (transportation)
      - food
      - clothing
      - utilities
      - groceries
      - other cost of goods and services that relate to every day life.

      Delete
  18. Replies
    1. Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      Sample of Local food

      Delete
  19. Pretty sure it's gonna be the USA for me. Though a southeast Asian tropical paradise is appealing!

    ReplyDelete
    Replies
    1. I see....

      Thank you to visit:
      What Indexes should be Considered to Find Retirement Countries? - part 1
      -
      The highest score for cost of living index is 100. A particular place or country might be have the higher or lower than 100, the meanings are following:

      Delete