I can’t get beyond the paywall, but I get the gist of the article.
Makes me wonder about going back home… been here for over a decade. I doubt it’s an easy career transition, especially if you’ve spent the last decade or two playing sticky ball. In terms of succeeding when going back I know a few people who have gone back, it usually seems to be to raise children because the school system here is just so terrible. Even if you can afford private schools here, it’s still really bad, and if you want the absolute top tier, well, very few can afford that.
Of the people I know that went back, it seems to be a mixed bag. One guy I know went back and lasted just 3 years. Had to get back to Taiwan and has been ever since. Told me that he spent everything he had saved in Taiwan, like $2 million NT, on getting set up. Apartment with furniture, appliances, deposit, car, etc. etc. Getting a job that could maintain the kind of lifestyle he had in Taiwan was also very difficult, ran himself ragged working multiple jobs and just barely getting by. This was pre-pandemic however, so maybe jobs were not paying as well as they do now. Also, there were still a good number of Baby Boomers in the workforce and many of them have now retired leaving large gaps in the labor market.
Another guy is an only child and received a pretty sizable inheritance from his parents, and another relative, can’t remember, either an uncle or grandparent. Seems to be doing well for himself. Did the couple in the article mention anything about inheritance?
Me personally I taught in Korea for about a year and a half and spent two years living back home before coming here. However, we were still living in the aftermath of the Great Recession in those two years and opportunities were scarce. I just lived off of my money from Korea, did odd jobs and would buy and flip items on eBay or Craigslist. I tried and failed at a couple of sales jobs. Had visited Taiwan twice during my time in Korea and liked it, thought I’d give it a try for a year or two, ya know, just get it out of my system…
If one does not get a proper teaching credential and work at the right kinds of schools, I wonder what kinds of careers they can transition into back home without suffering financially. For me personally, I don’t know if I could easily transition into the very highly regarded and well paying high school district that I attended (or one like it) or if I’d have to teach in the hood or way out in the sticks somewhere.
I think inheritance is going to be a major factor for a lot of people going back, and one that will set apart those who thrive and those who struggle. At this point, I can’t see myself owning property in the US, the costs are just too damn high, and I’ve already made my thoughts on mortgages known in another thread.