One and a half million U.S. households are preparing to move out of the U.S. The vast majority of émigrés are in their 20s, 30s, and 40s. And some may not ever return. […]
This news comes from a Zogby International poll of 115,000 Americans conducted over the past two years. Bob Adams, CEO of New Global Initiatives, commissioned the poll when he realized that no reliable database tracks the movement of Americans out of the country. A recent Barron’s article, written by Bob Adams, breaks down the Zogby/New Global Initiatives data as follows:
· 1.6 million (U.S. households) have already made the decision to leave
· 1.8 million are seriously considering and likely to leave
· 7.7 million are somewhat serious about leaving and may do so
· 3.0 million are seriously considering purchase of non-U.S. property
· 10.0 million are somewhat serious about purchase of non-U.S. property
Adding it all up, some 10% of all U.S. households are looking to leave the country, while another 11% are considering living outside the U.S. at least part time.
The article is preceded by a long preamble from the editor discussing indications that foreign investors are fed up with the plunging dollar and beginning to shift their wealth into non-dollar-denominated assets; you can safely skip it, but I learned a few new things reading it.