Economic and Community Motivators for U.S. Baby Boomer Retirees' Migration Into Lake Chapala, Mexico: A Pilot Study
"A number of factors and events led to the purpose of this research, which was to conduct a pilot study of U.S. Baby Boomers who chose to retire in the Lake Chapala region of Mexico, rather than continue living in the United States. Specifically, the research focused on determining what motivated Baby Boomers to migrate to Mexico at retirement. Relevant theories and a literature review guide the development of hypotheses. Descriptive statistics, based on online survey responses from 44 Lake Chapala Baby Boomers, indicate that economics is an important motivator for almost half of the respondents in decisions to migrate to Mexico, however decisions to stay are very much related to perceptions that Lake Chapala represents a better community life for their age cohort, when contrasted to living in the United States. Policy implications are discussed and directions for future research are offered" - Abstract.
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This is an outstanding piece of research which uncovered more than just economics as a motivator for smart baby boomers getting out of the US to retire! Well thought out - great questions, meaningful research.