With the cost of living in the US on the rise, more and more Americans are deciding that the only way to get ahead financially, pay off debts, and save for retirement is to move abroad. Meet the Americans being priced out of America.
Though there's no question that Americans enjoy a higher material standard of living than most of the world, the nation measures poorly against its wealthy Western peers on several quality-of-life indexes: Americans work more, vacation less, spend more on healthcare, and die sooner than people in other high-income economies.
Some Americans are moving to countries that aren't generally considered low-cost-of-living locales. Data suggests the UK, Germany, and France are among the top international destinations for American job seekers.
It has never been easier for Americans to test international waters — particularly in countries where greenbacks can stretch much further than they would in a typical US city.
While countries like Mexico and Canada are more popular go-to's for American expats, some trekked to the other side of the globe to settle in countries delivering on what they found to be lacking in the US.
Expat life does come with its share of potential downsides. A lower cost of living often means significantly reduced earnings, which can impede someone's financial ability to return home.
