Record number of wealthy Americans plan to leave US after election – CNBC

Although “talk about emigration is common after the elections,” advisers to wealthy Americans say their clients “have already begun to act,” the channel noted. According to experts, many wealthy residents of the United States fear political and social unrest in the country, regardless of the election results.

The number of Americans planning to move abroad has grown by at least 30% compared to 2023, Dominic Volek, head of the private client group at consulting firm Henley & Partners, told CNBC.

David Lesperance, managing partner of the tax and immigration firm Lesperance and Associates, estimates that the number of Americans seeking to leave the United States has roughly tripled over the past year.

On the topic: US elections on November 5: what you need to know

According to financial firm Arton Capital cited by CNBC, 53% of American millionaires said they would like to leave the country after the election, regardless of who wins the election. Young millionaires are the most likely to move: 64% of those aged 18 to 29 said they were “very interested” in obtaining golden visas, which are issued for investing.

Interest among wealthy U.S. residents in moving has been growing since the COVID-19 pandemic, but the country’s upcoming presidential election has intensified it, Lesperence said. Americans mainly consider European countries as emigration destinations: Portugal, Malta, Greece, Spain and Italy, Henley & Partners said.

The next US presidential election will take place on November 5. The current vice president of the country, Kamala Harris, was nominated by the Democratic Party and former president Donald Trump, by the Republican Party.