American retirees drive surge in interest in retiring in Europe
Updated
Updated · Forbes · May 10
American retirees drive surge in interest in retiring in Europe
4 articles · Updated · Forbes · May 10
Polls show 17% of Americans aged 55 and older now want to move abroad, with Portugal, Italy and Greece among the main destinations.
Lower living costs, cheaper housing, public healthcare, tax treaties and residency routes including golden visas are boosting Europe’s appeal as US costs and uncertainty rise.
Italy recorded a 27% rise in golden visa demand in early 2026, Greece 14%, while Portugal’s tighter nationality and visa rules are pushing some Americans elsewhere.
With popular Golden Visas ending, what are Europe's most stable retirement pathways for Americans?
Beyond the sunshine, what are the hidden financial and bureaucratic hurdles for US retirees in Europe?
Surging Numbers: Why More American Retirees Are Moving to Europe for Affordable Healthcare and Better Living
Overview
Since 2017, a growing number of American retirees have been choosing to relocate to Europe, marking a notable shift in retirement trends. This movement reflects a broader reevaluation of retirement living, as seniors seek different economic, social, and healthcare environments. The trend began with individuals like Cindy Sheahan and has expanded into a significant exodus. Various factors make life across the Atlantic more appealing, especially the desire for more affordable and accessible healthcare. As a result, more American retirees are exploring new opportunities and lifestyles in Europe, shaping a new pattern in retirement choices.