Building on its initial 2022 release, this updated research provides new insights into the social and economic pressures driving US citizens to seek new opportunities abroad.
The whitepaper identifies ten primary reasons why Americans are seeking second residency options, with economic pressures and social concerns at the forefront.
5.4 Million Americans Abroad Reflect a Major Mobility Shift
The American expatriate population is currently 5.4 million, which would make it the 23rd most populated state in the United States if merged. This stunning figure represents a greater trend in American mobility, fuelled by rising living costs, economic uncertainty, and a desire for personal protection beyond the country's borders.
Economic Pressures and the Search for Stability
Murat Coskun, Managing Partner of Get Golden Visa, notes, “This migration trend reflects a broad sentiment that transcends political divides. Americans from various backgrounds are seeking a higher quality of life and greater stability, which are becoming harder to find at home.”
Flexible Visa Options Boost Interest in Global Mobility
The flexibility provided by new visa alternatives, such as digital nomad and retirement visas, has made relocation abroad more accessible to a broader spectrum of Americans, including remote workers and entrepreneurs.
For many, having a "Plan B" abroad is also about security, as an increasing number of Americans are affected by economic insecurity, inflation, and market swings.
1,300 Americans Renounced Their Citizenship in the First Half of 2024
The need to diversify assets abroad and ensure a stable future is reflected in the increased interest in dual citizenship and second passports, especially among affluent Americans.
Roughly 5,000 Americans renounced their citizenship annually between 2014 and 2016, which is a roughly tenfold rise since 2005. More than 1,300 Americans formally renounced their U.S. citizenship in the first half of 2024 alone, indicating a change driven by factors other than money.
Comprehensive Insights in ‘The Great American Exodus Re-visit 2024’
With survey results, statistics, and real-life stories illuminating the reasons behind this contemporary flight, ‘The Great American Exodus Re-visit 2024’ offers a thorough examination of these patterns.
Download the Great American Exodus Re-visit 2024 here.
About Get Golden Visa
Get Golden Visa is a bespoke investment advisory firm founded in 2014. We help people get additional residency and citizenship by making a qualifying investment in Europe, the Americas, the Caribbean, and the rest of the world. Depending on the program of choice, we offer professional advisory services for property acquisition, fund subscription, or other investment vehicles. Our teams of local experts mark Get Golden Visa apart from its competitors because it offers independent advisory services and accompanies investors throughout the whole journey. With local offices in Lisbon, Athens, Istanbul, and London and various international associations, Get Golden Visa offers transparent guidance with a tailor-made and flexible approach.
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