Top 5 Countries Where Couples Can Live Comfortably on Social Security

The Mercer CFA Institute 2023 Global Pension Index gives the U.S. pension system a mediocre rating. With a “C+” grade, the system “some good features but also major risks and shortcomings that should be addressed.” With the Social Security Board estimating that funds will run out by 2035, it’s no wonder that the viability of the entire Social Security program is being called into question. It’s already impoverishing U.S. workers, retirees, soon-to-be retirees, and potentially all future generations. The system is so unfair that workers are being deprived of financial security in their “golden period” of life.

Looks at the 5 best countries for a couple to live on social security.

5. Romania

• Score: 26
• IM Cost of Living Index: 75.1

Another great country for retirees is Romania. Beautiful landscapes, affordable cost of living, and rich cultural heritage make it a great choice for retirees. From the charming medieval towns of Transylvania to the picturesque Carpathian Mountains and the tranquil Black Sea coast, there are plenty of options to consider when choosing a retirement destination. As a member of the EU, retirees not only have access to modern facilities, but also easy access to the rest of Europe.

4. North Macedonia

• Score: 29
• IM Cost of Living Index: 46.4

Another safe and affordable option for seniors is the landlocked country of North Macedonia. The country’s Mediterranean climate, fascinating history and culture, and picturesque landscapes attract retirees from all over the world. The cost of living in the country is 53.6% lower than the global average.

3. Bulgaria

• Score: 31
• IM Cost of Living Index: 66.9

Bulgaria comes in third on our list of best countries for couples to live on social security alone. The Balkan country offers expatriates the chance to add to their retirement income. With the cost of living in the country 33% lower than the global average, retired couples can easily live on combined social security checks. The country’s well-preserved historic towns, vibrant cities like Sofia and Plovdiv, and warm, welcoming communities offer an appealing blend of modern conveniences and traditional charm.

2. Vietnam

• Score: 32
• IM Cost of Living Index: 40.3

Vietnam’s promising combination of affordable living, vibrant culture and stunning natural scenery makes it a first choice for many retirees. Vietnam’s healthcare system is accessible and affordable, with many modern amenities available. Vietnam comes in second on our list thanks to its diverse landscapes, deep cultural heritage and welcoming community. The country does not have a retirement program, but alternative visas are available that allow expatriates to stay for more than six months.

1. Thailand

• Score: 34
• IM Cost of Living Index: 47.8

Thailand is home to many expats and is a great country for couples living on social security alone. Chiang Mai, Phuket and Pattaya are popular retirement destinations in the country. The cost of living here is 52.2% lower than the global average, and couples can easily retire here on less than $2,000. The best thing about the country is that the healthcare system is affordable and of high quality, allowing retirees to live a comfortable life.