Meet the 73-year-old who splits his time between Panama and the U.S.: ‘$500 is my cost of living, plus food’

Wells, at 73, exemplifies a growing demographic of retirees who are relocating to affordable destinations like Boquete, Panama. His reported monthly living cost of $500 highlights the financial advantages of such moves. This trend resonates with broader affordability politics, as seen in the recent election of Katie Wilson in Seattle, who emphasizes the importance of affordable living. As more individuals seek cost-effective lifestyles, the implications for urban areas struggling with housing affordability become increasingly significant.