From recent graduates to wealthy professionals, many Brits are considering moving abroad as of late.
And the motivating force for a lot of is obvious: money.
Over half of British employees (52%) have considered leaving the UK for higher working opportunities abroad, in keeping with the British human resources website Employer News.
Others are seeking inexpensive housing and lower taxes, it said, citing research from London-based financial services company Prograd.
But contemplating moving abroad, and really doing it, are very various things, especially for folks, who must consider if the grass is greener abroad — with the entire family in mind.
In line with the expat insurance company Williams Russell, countries within the European Union are the most effective bet for Brits trying to leave the UK — with Portugal, Sweden, Italy, Spain and Finland topping the list.
But the US — also known as Britain’s “cousin” — is available in dead last within the rating of 28 countries, dragged down by high childcare costs and long work hours.
Averaging $2,793 per 30 days for a three-bedroom apartment, rent in the US is higher than every country on the list, but for Switzerland ($3,281) and Ireland ($2,830), in keeping with Williams Russell.
The corporate relied on user-generated data website Numbeo to find out country-wide rental averages, estimating Brits pays about 34% more in rent to live within the U.S. than their home country.
The U.S. also takes successful for being the one country on the list without federally mandated paid maternity and paternity leave.
Nonetheless, 13 states and the District of Columbia have paid family leave laws on the books, including Recent York, Recent Jersey, California, Connecticut, Colorado, Delaware, Maine, Massachusetts, Maryland, Minnesota, Oregon, Rhode Island and Washington state, in keeping with the not-for-profit Bipartisan Policy Center.
Staff may want to envision their employment advantages. In 2023, nearly 40% of management and skilled occupations were entitled to paid family leave, in keeping with the U.S. Department of Labor Statistics.
UK vs. U.S. universities
British families with older children could also be swayed by the variety of top universities within the U.S. At 97, the US has greater than Germany (34), Italy (19), Australia (17) and Canada (16) combined.
Nonetheless, American universities typically cost more than those in the UK, in keeping with education company Kings Education.
Tuition fees for British residents are capped at 9,250 British kilos ($15,950) per yr. Comparatively, the fee to attend university within the U.S. varies wildly by school. Private universities are sometimes costlier than public ones, and out-of-state students pay greater than in-state students, as a general rule.
For Brits on the lookout for a ballpark figure to attend college in America, “International students can expect to pay as much as $45,000 a yr to review a bachelor’s degree at a public university, and as much as $55,000 a yr or more at some private institutions,” in keeping with Kings Education.
American university costs have risen precipitously previously few many years — a trend which has slowed because the pandemic.
Eight schools, including Recent York University, Tufts, Brown and Yale, are nearing the $100,00-per-year mark for tuition and living costs; nevertheless families often find ways to pay far less.