This article looks at the 15 best places to retire in Uruguay. If you wish to skip our detailed analysis, you may go to the Uruguay, a country on the southeastern coast of South America, is increasingly becoming a top choice for retirees worldwide. The South American gem is revered for its beach-lined coast, tranquil landscapes, robust social services, and favorable climate.
While retirees often choose countries like Uruguay for retirement due to their strong appeal, a major push factor is the high cost of living in their own home country. The decision to move is significantly influenced by the desire to manage expenses more effectively in a more affordable location, usually on a small fixed sum. The current retirement landscape in the US, for example, serves as an ideal breeding ground for prospective retirees to move to greener pastures.
People are living longer, have smaller nest eggs, and are also fearful of the depleting Social Security funds. Consequently, more and more Americans plan on taking Social Security benefits well before their Full Retirement Age (FRA). Schroders’ sheds light on this concern, reporting how half of non-retired Americans are “concerned” or “very concerned” about outliving their assets in retirement.
According to the survey, 43% of Americans plan on taking Social Security before the age of 67, the full retirement age for individuals born in 1960 or later. Only 1 in 10 plan to wait until the age of 70, the age at which an individual is e.