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Americans Abroad Face Dollar Devaluation Pain in Germany and Britain
In West Germany and Britain, American retirees on pensions feel the dollar drop as costs rise. In Germany several thousand ex-soldiers and 16 000 Social Security recipients see reduced buying power, with rents and utilities taking a larger share of budgets. Some plan to move to Holland or back to the United States as ties pull them home.
MENTIONED IN THIS ARTICLE
Frankfurt
West Germany
Italy
Britain
Mexico
Germany
U.S
United States
Stuttgart
Munich
America
London
Veterans’ Administration
Washington