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How do you want to retire in Uruguay?
The Latin American country is the top destination for the growing trend of retirement migration, according to Global Citizen Solutions, a consulting company on international residence, which ranks 46 countries that are actively researching for retirement migrants on a number of five criteria: lifestyle, passport mobility and citizenship, taxes, procedure and costs and investments.
The top five countries were Uruguay, Mauritius, Spain, Costa Rica, Portugal.
“Pensioner migration began as an internal, amenity-seeking movement within wealthy societies,” said its report, released on October 1, but added that it has since turned into a global trend as the world’s population ages and becomes richer.
The number of people aged 65 and older is likely to more than double to 1.6 billion by 2050 from 761 million in 2021, the United Nations said, calling it a “longevity revolution.”
As more people look to spend their retirement years outside their home country, governments around the world have established programs to attract this growing cohort who have the money to finance a globe-trotting lifestyle. 
“Private wealth is large, expanding and increasingly mobile,” the report said.
The report said people 50 and older will account for about half of all consumer spending in 2020 and that older households “will command a rising share of accumulated wealth.”
“A larger, longer-lived and relatively affluent older population is therefore not only a growing supply of potential migrants, but a prize of real fiscal significance for states competing to attract them,” it said.
Total personal wealth grew by 10.8 percent in US dollar terms in 2025 and the number of millionaires increased, according to the latest UBS Global Wealth report.
The Global Citizen report focuses on the “passive income retirement” path, where a person must prove that they have stable non-work income such as a pension to support themselves in their new home.
Uruguay scored at least 75 out of 100 on the five metrics, registering strong results for mobility and costs and investment. Permanent resident status is granted immediately upon proof of US1,700 per month of stable income and dual citizenship is also allowed.
But it also has negatives.
“Quality of life is Uruguay’s relative weak point in the index, mainly due to its environmental performance score,” the report says. “This result does not change the country’s standing on the ground: Uruguay remains one of the most politically and economically stable countries in Latin America, one of the leaders of the region in quality of life and is regularly cited as its safest.”
Mauritius led the top five on taxes and is the “natural choice” for wealthy migrants seeking low tax rates, the report said.
The island nation off the southeast coast of Africa does not tax foreign pensions and income and the income required is US$2,000 a month.
“The program’s other scores are solid rather than outstanding,” with quality of life the lowest, the report said.
Spain has “the archetypal quality of life and mobility program”, scoring 94 on quality of life, although it is placed last on taxes. There are taxes on worldwide income, inheritance and net assets over three million euros. Potential migrants must prove that they have 2,400 euros in “passive income” at their disposal and people are not allowed to work.
“The 2026 Global Retirement Report and Index confirms that there is no single best destination for retirement or passive income residence, only the best fit for a particular set of priorities,” the report said.
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Bond yields are rising almost daily around the world, prompting a heated debate about the reasons why and how much longer they need to run.
A global selloff in fixed income has driven benchmark 10-year U.S. Treasury yields to the highest since 2007, and more than half of 173 respondents to a Markets Pulse survey last week predicted U.S. 30-year yields will hit six percent by the end of the year. – Bloomberg
Read on for 10 reasons why investors are driving bond yields higher.
- Today’s data: US jobs numbers for September and unemployment rate, US factory orders and durable goods orders, non-defense capital goods orders excluding aircraft parts
- Income: Scantech AI Systems Inc., Ocean Thermal Energy Corp., CSG Systems International Inc., Dayforce Inc.
- Carney hastened the massive West Coast oil pipeline, called the Pacific Link
- Calls on the Bank of Canada to raise rates in October as global investment bank UBS weighs in
- Canadian company to build the country’s first rocket engine test facility
- Rising mortgage rates could ‘choke’ the recovery: Ron Butler and John Pasalis on Canada’s housing market
The mother of this Nova Scotia woman died a few months ago, leaving her the entire estate, while disowning a brother and sister. A decade ago, her mother gave each sibling $200,000 as an advance on her inheritance to start businesses. The businesses did not work out and the siblings asked their mother for more. When she said “no”, they never spoke to her parents again. This reader said she was caring for my mother, who had cancer but not dementia, and two years ago she rewrote her will. The siblings now say that the mother was taken advantage of, which the reader denies, and threatens to go to court unless they each get $100,000. The reader wonders what costs more: paying them or the legal fees to fight them. “I’m so angry about it, but still want to be fair about it.” Continue reading FP answers here to find out more.
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Today’s Posthaste was written by Gigi Suhanic with additional reporting from Financial Post staff and Bloomberg.
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