A surge in American emigration is reshaping the global landscape. Driven by factors such as escalating living costs, healthcare expenses, and the pursuit of improved work-life balance, more Americans are considering leaving the US for good and wants to relocate overseas. This trend has gained significant momentum since the COVID-19 pandemic, with Europe emerging as a popular destination. Remote work opportunities, coupled with the allure of more spacious living and a relaxed lifestyle, are enticing many Americans to trade their home country for the charms offered by European countries such as Greece, France, Malta, Italy and more.
Why leaving the USA?
To put it simple: High Cost of Living and Healthcare and Social Issues
The rising cost of living and healthcare in the United States is increasingly driving Americans to consider emigration. As financial pressures mount, many are seeking more affordable alternatives abroad. The escalating costs of housing and transportation, coupled with a healthcare system that ranks poorly compared to other developed nations, have made it difficult for individuals to maintain a sustainable lifestyle. Consequently, a growing number of Americans are exploring opportunities in countries that offer better living conditions and accessible healthcare, prompting a significant shift in migration patterns.
According to the Bureau of Labor The cost of living in the US went up in 2024. Prices rose 3.1% compared to the year before. This is slower than the increases in 2022 and 2023. However, the cost of housing went up by 5.7% and transportation costs rose by 9.4%.
Where does the US rank in healthcare?
The United States generally ranks lower than other developed nations in healthcare outcomes, cost-efficiency, and accessibility. In the most recent rankings by organizations like the Commonwealth Fund and the World Health Organization (WHO), the U.S. often falls below other high-income countries. Here are a few key points on recent rankings:
- Overall Health System Performance: The U.S. ranked last among 11 high-income countries in a 2021 Commonwealth Fund report. The rankings measured factors like access to care, equity, efficiency, and health outcomes.
- Healthcare Outcomes: The U.S. also ranked lower on health outcomes such as life expectancy, preventable mortality, and chronic disease management. Higher costs do not correspond with better results, as the U.S. spends more on healthcare per capita than any other country.
- Access and Affordability: Access to healthcare and affordability are major challenges in the U.S. compared to other countries with universal healthcare systems, which tend to offer more equitable access.
These factors contribute to the U.S. ranking relatively low in healthcare system performance despite its high spending.
The amount spent on healthcare in the US rose by 4.1% in 2022. This brings the total to $4.5 trillion, or $13,493 per person. The increase is similar to what it was before the pandemic. source: AMA
The soaring cost of living and healthcare in the United States is often cited as a primary reason for emigration. For many, the financial burden has become unsustainable, prompting them to seek more affordable alternatives abroad.
Limited Economic Opportunities or Job Dissatisfaction
Economic stagnation and dissatisfaction with job prospects also play a significant role. While some are unable to find fulfilling employment, others are dissatisfied with stagnant wages and limited career growth, leading them to explore opportunities in other countries.
Seeking Better Quality of Life and Work-Life Balance
The quest for a better quality of life for those who plan leaving the US and improved work-life balance is a major drive for many. Countries offering a more relaxed pace of life and a stronger emphasis on family and leisure time are becoming increasingly attractive.
Political and Social Unrest
Political and social instability in the US has left many seeking more stable environments. The desire for safer and more predictable living conditions has led to an increase in Americans leaving the US.
Attraction to Greater Tax Efficiency and Affordable Education
Countries with alternative tax obligations and affordable education systems are also luring Americans abroad. The opportunity to adopt new tax responsibilities more suitable for individuals needs and to provide children with quality and affordable education is a compelling incentive.
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The 2024 Election Result: US Citizens Leaving the US
The re-election of Donald Trump in 2024 is poised to amplify the ongoing trend of US citizens leaving the U.S, as many individuals, disillusioned by the political climate and seeking alignment with their personal values, consider relocating abroad. This trend echoes sentiments from 2016, when a significant number of Americans expressed a desire to escape the divisive atmosphere surrounding Trump’s initial election.
Motivated by a combination of political discontent, a quest for cultural resonance, and the pursuit of better economic opportunities, individuals are increasingly exploring residency options in countries known for their progressive policies and quality of life. Following Trump’s decisive victory, search activity related to emigration has skyrocketed by 1,514%, indicating a dramatic uptick in interest among Americans looking to leave the US.
Concerns about stricter immigration laws, heightened political tension, and potential rollbacks of progressive policies are fueling this surge. As history suggests, the political climate can significantly influence migration patterns, potentially leading to a notable demographic shift as Americans seek new beginnings in more favorable environments.
How Many U.S. Citizens Leave Each Year?
Based on the available information, it’s difficult to provide an exact number of U.S. citizens who leave the country each year but what we know is that the number of people giving up U.S. citizenship has been rising in recent years, with a record 5,411 individuals doing so in 2016.
Moving to Europe from America
Several countries have emerged as popular choice destinations for Americans looking to emigrate in Europe, particularly those offering investor visas or Citizenship by Ancestry (CBA):
- France
- Talent Passport: Through the France Talent passport program, qualifying investors and their family members can obtain a 4-year renewable residency card. This can lead to permanent residency or citizenship after 5 years, subject to language requirements.
- French CBA: Applicants who can present documentation to prove their relationships with their French parent and the citizenship status of their French parent may be eligible to secure French citizenship through ancestry.
- Portugal
- Portugal Golden Visa program: With a qualifying investment, non-EU investors can be granted the opportunity to reside, work, and study in Portugal. Applicants can qualify for permanent residency or citizenship after 5 years.
- Portuguese CBA: Individuals who can trace their lineage back to Portuguese ancestors may be eligible to secure Portuguese citizenship through ancestry.
- Greece
- Golden Visa Program: With a qualifying investment in real estate property, non-EU investors can be granted the opportunity to reside in Greece under a 5-year renewable residency permit. Applicants can qualify for citizenship after 7 years, subject to requirements.
- Italy
- Italian CBA: Individuals who are of Italian descent and meet certain requirements may be eligible to apply for Italian citizenship without needing to buy property or invest in a business in Italy.
- Spain
- Spain Golden Visa program: With a qualifying investment, non-EU investors can be granted the opportunity to live, work, and study in Spain.
- Spanish CBA: Individuals who can trace their lineage back to Spanish ancestors can leverage their familial ties to secure a Spanish citizenship.
- Malta
- Malta Golden Visa: Investors can be granted permanent residency, which includes the right to live, work, and study in Malta. This program grants a potential path to Malta citizenship under Maltese Citizenship Act, Chapter 188.
These countries offer attractive visa programs that not only provide residency but may also pave the way for permanent residency and citizenship, making them appealing options for long-term relocation.
Read also: The Great Escape: Why Wealthy Americans Are Seeking New Horizons Abroad
The Move to the Caribbean
An increasing number of U.S citizens are willing to move to the caribbean islands, especially the countries with investor visa programs or citizenship by investment visa programs such as the Caribbean islands, stand to benefit significantly. The influx of capital and talent can stimulate economic growth, drive innovation, and enrich the local culture with diverse perspectives and skills. In addition, the introduction of American emigrants into new environments can bring fresh perspectives and skills, potentially influencing the social and political landscapes of their new homes. This fusion of cultures and ideas can lead to dynamic changes, fostering a more globalized community.
The move to Canada from USA
Among the most popular destinations for Americans wishing to move is Canada, particularly in light of the recent election results. The Canada Startup Visa (SUV) program has gained traction as an appealing pathway for entrepreneurs looking to establish themselves in a new environment. This program allows individuals to secure permanent residency in Canada while launching innovative businesses in the country.
Read also: Addressing Common Myths and Confusions in the Canada Startup Visa Industry
Our Thoughts
If you are interested in learning more about investment immigration and in acquiring residency or citizenship outside of the US, please contact your local Harvey Law Group (HLG) office here for more details. Founded in 1992, HLG is a leading multinational law firm with offices across Asia, North America, Europe, Africa, and the Middle East, to cater to your specific needs for immigration and beyond.
