A recent survey shows that inflation is causing some older Americans to delay their retirement plans.
Inflation for February ballooned to 7.9%, a new 40-year high, and most consumers expect prices to continue to rise over the next 12 months.
Concerns about the future are compounded by recent stock market drops and the war in Ukraine.
We ran into a longtime local friend named Paul last week. He owns a relocation service that helps people from the U.S. and Canada move their possessions to Ecuador. In fact, his company moved our belongings here over a decade ago.
When we inquired how business was going he replied,”Fantastic!”
We wanted to know if his customers were coming to Cuenca, leaving, or both.
He said, “They’re coming. They tell me with prices going up, the ugly politics, and now the war in Ukraine, there’s too much uncertainty. They’ve had enough and want a 'más tranquilo' (more peaceful) life.”
His comments were ...
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