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Puerto Vallarta News NetworkVallarta Living 

Over 2 Million Americans Retire in Mexico
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December 5, 2011

Mexico City, Mexico - More than 2 million retired Americans have chosen Mexico as their new home, a figure that continues to increase thanks to the pleasant climate and favorable economic conditions, Tourism Secretary Gloria Guevara said.

During Fridayís inauguration of the 1st National Forum for Retired Americans: Expectations and Solutions of Life in Mexico, the official said that Mexico offers such products as medical tourism, rest and relaxation tourism, and business tourism.

She said that retired Americans are a segment of great importance for developing the economy of the nationís tourist destinations, and added that more and more Canadians also opt for retirement in Mexico.

Guevara said that the favorite retirement locations are Mexicoís northwestern states and the country's coastal communities.

At the same forum, the president of the International Community Foundation, Richard Kiy, said that 53 percent of retirees making their home in Mexico are under age 65 and choose Mexico for the favorable living conditions and stable economy.

He said that Mexico being near their home country does influence their choice, as does the possibility of purchasing a home at a much lower price than in the United States.

He said that 34 percent say the economic recession has not affected their retirement plans nor their quality of life.

The study indicated that 93 percent of retirees say that drug-related violence, which has claimed nearly 50,000 lives in the past five years, is not a problem that would keep them from moving to Mexico.

Related article: ICF on US Retiree Trends in Mexican Coastal Communities