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Panama is the Place to Escape the United States Recession
By The Panama Gringo | October 9, 2008
As the
Many businesses have already taken steps to recession-proof themselves by trying to draw in foreign sales. In recent article from Business Week it was stated that “the strongest
Other businessmen and women are taking this advice to heart and personally locating oversees, where the economy may be more stable, and where their hard-earned dollars have more buying power. Moving abroad won’t solve all your problems; after all, analysts are predicting a world wide recession. Moving will, however, afford you opportunities that would never be attainable in the
Life abroad is full of opportunities. In addition to a new culture and in many instances a new language, life in Central and
Margaret Malweski, author of GenXpat: The Young Professional’s Guide to Making a Successful Life Abroad identifies one of the biggest draws to living abroad. She says, “You may be middle class back home, and suddenly you’re dealing with the upper classes.” Americans abroad often find they have the time to invest and do projects that they actually want to work on, instead of rigidly fulfilling their duties at a 9-5 job in a place where everyone is wrapped up in their career, and struggling to make things work.
Young businessmen and women do best to set themselves up now as being capable of handling the challenges of an international life and career, because the rewards are great. In an honest evaluation many businessmen and women who are already well established in their careers discover that they can actually handle the majority of their work from overseas, perhaps commuting back to the States on a semi-monthly basis for work purposes. Retirees often find that pensions that are not even close to being sufficient in the States are more than enough to live on comfortably in Central and
Staring a seemingly inevitable recession in the face, many Americans have found the solution to their economic problems in relocating abroad.
Online resource sites such as “The Expat Guy” provide basic information to Americans interested in relocating abroad.
Real Estate in Central and
Topics: Panama - Relocation |
November 10th, 2008 at 11:50 pm
Interesting and true report. I am currently in my final stages of retiring in Panama with my military pension. I will be moving in June of 2009 and cannot wait. The only reason I’m still here in the United States is because I just purchased a new apartment and construction will not be completed until March or April of 2009. Panama is so affordable that anyone can live on a pension of $1,500- $1,700 including a mortgage under Panama’s “Pensionado program.” I retired from the military 7 years ago with a pension and a new great paying job. I am now 45 years of age and ready to be a real retiree. I will be staying busy by volunteering my time and joining several expat. organizations. The best thing of it all is that I have been planning this for the past 18 months, before this so called recession. I’m excited!! chevere82@hotmail.com
January 1st, 2009 at 3:59 pm
I am wondering if it is possible to relocate to Panama and live and work? I see employment ads offering salaries of 300 per month and yet rental rates of 1500.00 per month. Is it only possible for people with money or retirement pensions to relocate to Panama?