South of the Border

" You -- stores all the time about Mexicans emigrating to the US both legally and illegally. In tonight's America's future report we reversed directions. Are said to be more than a million American and Canadian retirees living in Mexico. Not just for the warmer climate correspondent Jonathan Hunt explains."

" When Harry and Elaine -- but decided to retire they left the corporate world and the cold weather of the midwest behind. And headed to Mexico. We are born and raised in east coast -- like the Jersey shore so the ocean's great. And the weather's great weather here is better and Indiana and when and where are we going summer. Tonight knowing that they're among an estimated one point two million north Americans already living south of the border. And with 76. Million baby boomers planning to retire in the next several decades that no but is expected to surge."

" It's a transitional move people buy a vacation home which will become a second home and possibly a retirement home and in the interim. Some income from using it as a rental property."

" Among the draws proximity to the US lower taxes and no -- living costs that are thirteen to. We'll keep the same -- Here in Southern California you can expect to pay the millions replaced on the beach but in Mexico. A similar piece of property in a gated community stops in the mid three hundreds."

" Bigger bang for your -- your dollar goes -- further and right now the pesos lower so you're. He got a lot more purchasing power down here with your dollars."

" I'm US retirees are spending their pesos near their new homes. Making friends with the locals and immersing themselves in -- new culture of."

" We really have tried to. Patronize a lot of the local. Restaurants and stores and little stands."

" One problem that is of concern the recent increase in violence in Mexico. Retired Americans say they are cautious they have other concerns on the minds."

" And then here you you've really got you've really got to. I think it through before you get do your homework. And one of those loses -- ministry."

" Or your money he has an economic impact as retiree spending building is in the sun and sand and Mexico. They're also investing their money then. And off yeah. Jonathan Hunt Fox News."