With prices ricing all over the world, are countries with low cost economies such as Thailand the only answer for a quality life in the future?
With experience owning a house in Florida, USA, I can testify the costs for everything from housing, utilities, food, gas are rising at an alarming rate.
Once the prices are this high, I see no reason why greedy corporations would ever lower the price.
When people retire or on a fixed income and costs continue to rise, there is no escape or financial relief.
That is one reason you see many expats moving to low cost economies such as Thailand.
Don’t get me wrong, there are places in Thailand much more expensive than anywhere in the world.
However, there are many locations outside of the cities and tourist areas that are super cheap compared to the west.
My living expenses in Florida, USA are ~ US $3,000+ (102,000 thb) per month. That is for property tax, insurance, car insurance, utilities, gas and food.
Consequently, where I live in Isaan, Thailand averages < US $1,000 per month (25,000 thb).
In Thailand I can have a super quality of life, eat what ever I want, travel where ever I want.
Although my husband is from the US and this is not his country or culture, we both understand how much further our money goes in Thailand versus when we are in Thailand.
Costs will continue to rise over the years in the west as there are no controls or government subsidies to control prices like there are in Thailand.
It is hard, according to my husband to say goodbye to a country he was born in and lived most of his life. However, the financial struggle is just not worth it.
If you are getting near retirement age, it may pay to research low cost economies like Thailand for a better quality of life with no worries.
Chok Dee!