The Future for Retiring Gringos
There are more and more usanos considering expatriation as the way they can deal with living on their US-based retirement income. Our primary interest on this site is, of course, how Nicaragua may (or may not) be a reasonable choice.
If you are one of these folks, it seems unrealistic to just assume there will not be changes back home in your retirement income. Beyond the fall in real value of the US dollar and many other fiat currencies, there really is the future of what you saw as stable retirement benefits to consider.
An article in TruthOut paints a realistic look at what is happening without the typical fact de-regulation so common of what politicians have to say about the situation.
Since the recession began in 2008, according to U.S. General Accountability Office (GAO), 35 states have cut pensions for many of the country’s 27 million teachers, police and other public employees.
Furthermore, GAO’s March 2012 report says that nationwide, one in four state and local government employees cannot fall back on Social Security, because many states opted to stay out of the national retirement program.