Priced out of THE USA
It Turns Out The Best Way To Get Ahead In America Is To Leave
More and more Americans are deciding that the only way to pay off debts, save money, and retire is to move abroad.
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The Lede
There's an emerging cohort of Americans who, fed up with the cost of living at home, are seeking a better quality of life elsewhere. Some envision the move as the first step in a long-term plan that ends in a leisurely retirement abroad. Others are drawn to a digital-nomad lifestyle that allows them the flexibility and extra income to travel the world indefinitely on a remote paycheck. Either way, they're moving to save money for the future, to pay off debts, or to afford more of what life has to offer.
Key Details
- In a recent poll from Monmouth University, one-third of Americans said they'd like to settle in another country, compared with just 12% who said the same in a 1995 Gallup poll.
- Americans work more, vacation less, spend more on healthcare, and die sooner than people in other high-income economies.
- These factors likely explain why some Americans are moving to countries that aren't generally considered low-cost-of-living locales like the UK, Germany, and Canada.