End of “American dream,” Thousands of Americans leaving USA
According to recent surveys by CNBC, throughout 2024, 116,363 Americans are planning on leaving America and moving abroad. Portugal has boomed in recent years among American individuals as the No.1 country to move for the citizens.
A phrase popularly known as The “American Dream” refers to individuals living in The USA regardless of their backgrounds, who can achieve prosperity and success through hard work in the country.
According to recent surveys by CNBC, throughout 2024, 116,363 Americans are planning on leaving America and moving abroad. Portugal has boomed in recent years among American individuals as the No.1 country to move for the citizens.
The top reason for people to leave The U.S is for enrichment, growth and adventure, 56% of the people think the US is very conservative, while the other 53% thinks the country is too divided, 41% of people leave hoping to save money while living abroad. The expats want to move for more freedom and avoid the threat of gun violence. 30% of individuals are hoping to retire abroad, 17% say they want to move with a skilled worker visa and 18% are seeking digital nomad visas. Most of the American citizens are considering moving only after the 2024 presidential elections. Following President Donald Trump’s re-election nearly 51,000 people are Google searching “how to move to X country”. Said CNBC surveys.
Many companies who aim to help individuals travel abroad are becoming a booming business, as they help people to relocate.
Due to the increase in crime in the country, families and personal safety has become a concern, making it a major reason for them to move countries. Even citizenship-based-taxation has caused citizens of the U.S to leave as filing tax returns and income-tax highlights another burden faced by the Americans giving a rise to more Americans leaving the country. This has crushed the phrase “The American dream”.
This article is authored by Sherin Mj, an intern at Deccan Chronicle.