Egypt is a “dream come true” for American retirees

Egypt is a “dream come true” for American retirees who want to live exclusively off their Social Security checks, according to personal finance site GoBankingRates. While most Americans would find it difficult to get by in the US on an average security check, there are several countries where the cost of living is low enough to make it work — and Egypt sits pretty at the top of that list. “Of the top 25 countries, Egypt boasts the lowest average monthly housing cost at just USD 157.70, and food and utilities both rank No.2, at USD 105.93 and USD 19.46 respectively.” Color us skeptical on the notion of a foreign retiree getting by on EGP 2,800 a month for rent and EGP 470 each week for groceries, but hey — positive press is positive press, right?