k governments to renew this commitment to human rights by reversing this law and ensuring that the rights of all migrants, refugees, and asylum seekers are respected, protected, and fulfilled without discrimination. the bill has been bought by british prime minister wishes to knock whose parents were both immigrants. the legislation would bond migraines to arrive a legally and set in motion, directing protection back to their country of origin or a 3rd party nation, such as were one that while asylum requests are considered. last month, the british court ruled out the public floyd, saying rolanda account be considered a safe country for asylum seekers to be held in. decreasing immigration numbers in britain is largely supported by the public. but this particular legislation has spar criticism by many people as well as opposition, politicians, lawyers, and civil rights groups. the terrible illegal migration bill has passed all the stages in parliament and will now become law. it's a dark day for the u. k. his reputation as a protector of human rights and

a great moment for those seeking safety and an uncertain world, but the fight for a fair and she main asylum system goes on. devastating to know that you case illegal migration bill is now set to become law. it doesn't represent us or the society wants to leave in our 1st thoughts this morning with those directly affected. please join us in solidarity with everyone. so you can safety and justice of developments, economic specialist. how do you spell hummadi, who was a refugee himself saves the british build, violates international law. on such a precedent for the treatment of migrants in other countries, that is not only going to affect negatively u. k, but also as item seekers. internationally. in addition to that is violating at least the international laws, for example, 1951 diffusion convention and also the pm convention on human rights and human rights act of 1998. additionally,

it's also violating un convention against transnational organized crime. and it's brought to call to prevent surpass and punish trafficking impasse and they use the conventional methods of getting to u. k. the shouldn't be treated as items teachers and they give them this, right? it's actually raises the ground floor of as a precedent for other countries to act up. really, a lot wraps up and use our but stay close of it's time for a with a visit to the cost of everything studios. right. to ahead catch christy. i'm guessing moments talking be seemingly ever pushed back age at which you can retire the

as the cost of living has ballooned worldwide people's retirement plans have altered drastically. every day more than 10000 americans turn 65. and as the baby boomers retire, there will be a significant demographic shift, often referred to as the grace unami. i'm christie ein, you're watching the cost of everything more today. we're going to be looking at the cost of retirement. living in a foreign country offers a chance to see more of the world as well as lower the cost of living. but there are multitude of factors to consider before making such a big life decision. things like the ease of buying own property and the value of property investments, the cost of renting health care system, the cost of living in groceries, language barriers, climate and the stability of the country's political situation. the social security

administration has stated that the number of americans drawing their benefits from overseas grew from 413002760000. in the last 3 years, the state department's estimate that 9000000 americans live abroad and suggest that 5000000 of these have retired abroad or 12 percent of the nation's 45000000 retirees. baby boomers are increasingly understanding the advantages of living abroad, given the rising energy and living costs at home, while returns on investments and asset values fall. the 1st driver of retirement or receives is usually finance. an income that is comfortable or tight in the us can often give a lifestyle. consider luxurious overseas, and countries like the caribbean or southeast asia, as a cost of living is significantly less. and the average cost of retirement in the us is $700000.00, which is considered a fortune in places like pakistan or thailand. for example,

a one bedroom apartment and a city in portugal is 57 percent cheaper than in an american city, costing a little over $500.00 a month. in thailand, it is 80 percent less. this extends to the overall cost of living. we're closing prices are cheaper by 30 percent and food by up to 80 percent cheaper. meanwhile, on the other half of spectrum, singapore is the most expensive country in the world to retire costing an average of $1100000.00 over a 15 year period. inflation has been particularly high now costing over a $171000.00 more than it did 2 years ago. meanwhile, pakistan is the cheapest place to retire at a little over a $100000.00. older adults are projected to out number children under the age of 18 for the 1st time in us history by 2034 according to the census bureau. projections

and this mismatch will have implications across the coming years, as there will be an increasing need for caregivers. and health services for those over $65.00, there will also be less than young people in the labor force to generate enough tax revenue to provide social benefits to the older population. and for more or less bringing matthew sinclair, financial advisor at new england advisor groups. so matthew, what are the key factors to consider when planning for retirement? the quote generically. uh, uh, it's really just 1st of all, as you want to 1st take a look at what your cash flow is. and that's a combination of figuring out what your budget is and what, what your spencer's are going to be. and then what you're good, what you're going to have in terms of a cash flow coming in. is it income from investments? is it pension income? is it social security income? those, those are the 3 states. that's the 1st and foremost, the secondary one which is prop park your primary to

a lot of people needing to save enough money for retirement. they just got a can cumulate enough money so they can retire. you know, and we usually use a, you know, when you're talking about investments, if it's a younger person, they don't have, they typically don't have a pension plan, right? they might have social security. so you want to have minimally, i think if you live on the east coast of the west coast, you know, $11.00 and a half to $2000000.00. think you're talking about living and traveling. you want to talk about what kind of countries if it is a switch. so, and you might need $3000000.00. if it's good to these, you know, let's assume it's, um, a mexico or like, you know, the central american country like you know, costa rica. you might need a little bit less of living or so it depends on a lot of factors and how kind of want to estimate the amount of money needed for a comfortable retirement when inflation and the cost of living just keeps on going

up and up. and an accelerated rate. well here's the good thing is that we do a lot of modeling on retirement projections. so we could say ok, this person makes x amount of dollars. now they're assuming they're gonna, they're, they're bills or let's say 60 or 70 percent of what they, you know, what their income is. and then we can say, ok, what's the number we need to save to, to get enough money to generate that money. so they don't to work for us and we just put we model different rates of inflation is a 3 percent. 5 percent, 7 percent. the average we model is about 3. uh, but sometimes it is hyper inflationary periods. you might say the 1st 7 years might be 5 percent and then it drops to 3. what are some of the advantages of retiring internationally? well, but again, depends on where you're going to go internationally. if it's so we are the east coast, have a, a good group of people are thinking about retiring it to europe, one popular places, portugal right now, because it doesn't cost

a lot to live there. but there's other factors, right? that there might be a, you might live on 50 percent of what you need in the states to retire there, but you need to figure out who they are or how am i going to live like by real estate, or really the big questions. and when you're moving to those kind of countries in the secondary one would be, is what's my hot water, my medical services gonna be available. so those are factors that we take into a lot of consideration or talking to pre retirees about this thing internationally, especially as an older person who cannot pick up languages and adapt as quickly anymore. or the person who wants to retire internationally is gone. like a call, they've got a spirit of like our to learn more about the culture. right. so they want to do a lot of pre education about what the cultural norms are, especially if they go visit there once or twice before. you really got to stay there for a period of time. so i normally recommend if you're going to go anywhere that you're not, not currently living. now you spend 3 months there and just do an air

b and b and kind of put yourself in a day to day of living there. you don't pick you out. what's the, you know, where am i going to do my laundry? where am i going to do the dry cleaning? where am i gonna boot where, what activities, where i want to be part of and with language, which is great, you know, the internet and, and, and just using the apps on your phone. you've got like trans, like doc. com, which you could start with basic conversational things like, you know, how do you say, uh, let's go to, i wanted to find where the, with the train station is, you know, and at a time that's the next steps you on a set of ideas, you know, you need to know, like you want to learn some of those key phrases to kind of get through your day if you will. what are some of the benefits and drawbacks of downsizing or relocating after retirement? but i'm not really familiar with that as much. a lot of my clients were retiring to . those countries have been, had worked had from that country. and now they're going to go back to that country

. so they might be getting a social security or a page that govern um other cartridge encourage american dollars to go to their country. so they're going to get some people favorable tax rules. kind of cool. the ex pap retirees story is i'm looking at. busy what all the tax rules and what are the agreements between the united states in that country. you want to do your research before you go. you might have been doing your own taxes for years. i might recommend you find a firm that has a relationship and knows those tax rules between the country you're going to that's it's just it's good tax policy. it's great. it's just good for you to be a head of the problems, not all of a sudden be surprised if you will. a low play. he makes a lot more sense. i get. i can't emphasize that enough retirement homes like assisted living facilities in the america is a very big business. so how big is the retirement home market internationally?

i don't, i mean, i don't know that 1st i don't have a specific stuff. what do you mean? retirement home, are you talking about a assisted living facility, or are you talking about retiring home like i'm in and out. i had i lived in new york. i have a house in florida. i'm now selling the house in new york to live in florida. that's the case, there's a lot of that, oh, that's expensive, so that can start anywhere from $6000.00 a month. up until $12000.00 more depending on the level of care that the leads need . so that's also what we're seeing. a lot of these parents, let's say for instance, the children, the parents, you know, the children worked away and they now live in a different state. the parents want to move closer to them. um, so the parents shouldn't take a check in on them every day. you know and flip a local facility versus having in the home our preference and most of my college preferences is to be in their homes as,

as long as possible. so you can make adjustments like making some eps. so you might create a, a, a elevator in the house, we get to up the stairs, so you'll make some adjustments through the house so they can stay there. the longer the children live locally. so they can check in with my mom and dad all the time. thank you so much for your time and inside today, matthew. and when we come back, the notion of retiring and places like italy and france is appealing to the benefits those country offers. the retirees are threatened. we'll have more on that after the break or between russia and the united submitted comes to the us. you've kept them in the us to forces are and you're not in your engage in conflict with russian forces. american forces are here and defend nato allies. nato escalates even more indiscretion. military operations become a more else, it sounds like the social is much store and i see it that i see if they give it to

us because what i mean we've so i use 3 issue and unique and east of music. i'm gonna spend some, let's see, let's see what understand i see the pieces, the youngest as of today because there's a lot of censorship on many topics in schools that started just a recreational topic. to my impression, it went on list of them a call. you see it's, i mean, there was no, there was no way of debate. it was either or that's never spent. and now it's about russia and it's about, yes, we have to find russia and russia has to be taken off the map, the

some of the cheapest places to live in europe during retirement, our friends, italy and cyprus. these cuz it's lower cost of living and a relatively stable political landscape. that is until their great benefits are now threatened to france suffered fierce protests when president background raised the retirement age. from 62 to 64. the french are very protective of the countries, the universal health care system and generous social security system. and the idea is that you pay very high tax during your working years, but then you get to retire at a relatively young age to in compared to most of europe where there are time. unfortunately, many governments in the developed world are in similar situations as population growth is down, people are living longer, medicine is better and benefits cost more. so government's attempt to balance budgets by cutting benefits,

particularly in countries with generous plans like france, president macro and argue that the reforms are essential to prevent the french pension system from collapsing. and then an age was $65.00 for most a social security history. but the 1983 overall gradually raised the age of 67, which reached in 2022 for those are which effectively cutting benefits by 13 percent as compared to the benefits if the retirement age has remained $65.00 each one year increase in the full retirement age is equivalent to roughly 7 percent cut in monthly benefits for all affected retirees is to 70 current. social security benefits would be reduced by nearly 20 percent. essentially raising the retirement age amounts to an across the board cuts and benefits. regardless of whether a worker falls for social security benefits for upon or after reaching the full

retirement age, that means that the younger generations will receive benefits for a smaller number of years and their lifetime benefits will be much lower. and meanwhile, china has the world's youngest retirement age, according to the always cd with women retiring at 50 and men retiring at 60. but while retiring young is the dream, the reality is that money will not be able to in order to maintain a certain lifestyle. in china, government funding hasn't kept up with a number of people entry retirement, so they have to remain in the workforce for longer. now let's take a closer look at what does it cost to retire an african countries like cameron, and for that well assign mach, why do you need the mental health experts and joins us from cameron to discuss their perspective on african retirement dynamics. so how does the concept of retirement very across different cultures and regions? are there any retirement is perceived and experienced in come in

retirement? was that like something which is a burglary? it's up to something has changed, shape will feel like they have to have seen practical. somebody's been a retire mean or they have to keep ability to know. she's very much, i mean, but i don't know why that was a more steep my roaming around is having the best bet today. what gets to enlighten the timing's about how to have a diamond plan and also how to pay it. but what i can do yesterday is before, as long as i said, i took the time, and i'm the, you know, well, the idea of more fully down in there. and i think maybe because also in the past with navigate diamonds. king. so they thought that when they reached is having a guy that seems for them and the end of their lives. i'm, you know,

been actually passed away 2 years. okay. i'm going to be some of that is, is scenario. and can you share insight into their time in systems as social support structure as an african countries and how they differ from other parts of the world? um, so a come around just couple years ago in the past actually we had um, retirement ages from from east dietz searches to file. that's what categories b, a, b, c, d. so got senior level staff category. do you mean you know, any level staff as thursdays or somebody needs to category and do the tire at the age of 55 and category c, energy and the agent pc. but on the 2nd of december sweeney training, were nice retirement use. i increase them in come in, so i mean, that's crazy. we now have a jamming. it use 4 categories, a as

a category, c and d, g c 5 is or if someone writes for every call and kind of hard for us, any cultural norms or traditions related to retirement and african countries and how they shape retirement experiences for individuals. for such a number of years, reading the ways to accept these and i'm waiting you your class, you to also been on the call. you find it that you'd be had people is a business committee call pick to and those e mail it to jim said so i know guy is of the champions and actors in order to have a meeting then they're not there. i've reached back to me. today's stuff, you're seeing the time now we have people to be waiting on them to retirement. you know, you know, i said to you, if you work for 20 years, you're i stuff for you to take your brands here to,

tammy is going to have your patient. but um, like i mentioned in the past when my life is because, 1st of all, people do not need know i used to, you know, read about what's diamond entails and patients. so they will not be what i had to just find out what the brain damage teams are available for them, or what's the patient's inc and how windows 10 know to berkeley is without having that is a really excuse for you. then the next day i have to have, i have no m saves, i have nothing to the wrong. there was a letter from the settings are on their pension and famines being. but today there is information on our ability, intimates everywhere. so people can actually go to office mean and talk to this guy about, i mean, time in man, or having intentions to accidentally. how does

a emphasis on intergenerational support and family dynamic style choices and african culture in terms of the family dynamics route. and i just want some time between 3 and 3 is learn. so what goes on your family? because, you know, people understand that expecting to be on time. and we need to get around, you know, be around the right, at least the lead sites, which are also quotes, you know, being given in class within the dispute being available for them on the show before someone to retire and the person will be less, it no happy deb jenna. i only have to put a note in the house. no, it'd be as tough as died. there's literally nothing that goes through tammy, is because there's like a new bogging on the house or they're just being used to around. so in the past, the board was not date, but more and more we have seen that from lisa. i get them to get back to this long

term and to provide the family not to them kinase and just being there for the space for them to stay. i think you should have the basic needs and then it's and get her. uh, i'm it. so families as of what see for a long time in my context, in china, in fact, in my culture and normally be, you'll realize that we have lots of there, all that people we'll have to join and stick tendencies. so if you need to retire and you don't have to get somebody issued in your why your band or this, well, you know, directly related to you, you have a cost when you have a cons, an offer you have no, it just doesn't list it. see that comes as these in your house, or you can go by and say that. so more and more we are having these scenarios where people, what we can say, i mean, that's a to receive and probably saw what when they need or if they needed. can you

provide some examples of countries in africa that are popular along retirees and how retirement life differs in these particular regions, year old, so that this will retire from suicide is my country because international jobs, maybe from the u, a client in the international organization. so yeah, yeah, perfect. so people that we do with the tv and i do suffice the part because we've seen the national civil service was due to work. so there was never space for them to get and see the national surveys all aspects due to some of that. and the bottom live on the right area. you can imagine dimension. now it shows teams. so yeah, it's possible is do it. well, actually there are many people that i know we need my phone fixed. well, net splunk, i mean, it just keeps stand up in the national jobs. i do try it and find that, and that's not the asians team. so it just depends on where you want to go from way

when you imagine i live and the how i um, once you access to is the international curry and i informed you about, you know, the international patient's team and how you can benefit from that. thank you so much. well, aside for all your time today for the, for everyone eventually, but some of the retire in better shape than others. the winners are going to be the ones who are playing properly for their retirement and saved up a decent next day in order to provide them with the retirement is about 20 years. so there has to be enough saved a way to last and enjoy the latter years. unfortunately, most people wait until it's almost too late. a milk sleep unrepaired for retirement as nearly 50 percent of women and 40 percent of men between the ages of 55 and 66 have no retirement savings. as a culture has adopted a live for now,

philosophy which can become a burden onto the younger generation. i'm christy. i. thanks for watching. and we'll see you right back here next to the in march, the 11 some 2011. literally just as great ever recorded in japan is where interested a 14 me to to nami devastates the focus, fema each and you the a pallet to on the new theory and does it flooded, sparking and her risk this stuff id be

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for me to on, on how to do that. if we can, we can load it. was it just some of the course to just read the book? they won't because because i really don't know which teacher i know for the don't know is i can suggest to do given the other than that we're going to use best opinion pronounced has come over the the foot. so sorry. is it a 1370 in baghdad is stormed on toward fly point to any of the put on stuff we demand to the swedish government, 10 of your bronchi government stolen, this type of act. it's against the human rights and the emotions of the people and as long as provocative to english lives. it has to be things of the most names. rushes the see says a eddie vessels now traveling to claim votes in the black. the will be considered as 10 to the characters we call the class in the wake of

a mazda play out over the drain deal initiative over failed, but the time is really busy unit, the school day was supposed into a westbank. so the fuzz, i'm protesting, palestinians getting one. i'm even dozens or according to the level besides the find the violent opposition protests and can divide public opinion of them to say this likely the price rises, but others say clothing. unrest is no up very well. the cost of living is high and the majority of us cannot cope with the situation. model process or not a solution to the high cost of living. we need the .