From an article in the Los Angeles Times:
As debates over Social Security and Medicare heat up, Americans might feel like doing what the old urban myth says the Inuit do: Ship the old folks out on the ice floes. It’s cheap, simple and good for the polar bears.
It is also, arguably, a bit coldhearted. So here’s a warm and loving alternative that the U.S. government should endorse: Send the old people to Mexico, Central America and the Caribbean.
By one estimate, almost 20% of gross domestic product will go to seniors by 2030. Baby boomers are the first generation of grasshoppers in U.S. history. Their parents and grandparents, scarred by the Depression, scrimped and saved. The boomers put it on plastic. With private household savings rates near all-time lows, bills are coming due and the facts are increasingly clear: Some boomers not only won’t be able to afford the retirement they dream of, many won’t even be able to afford the retirement they fear.
Key quote: “For the price of a condo in Phoenix, you can often have a villa in Mexico.”