As the November 5 election draws near, a notable trend is emerging among wealthy Americans who are contemplating leaving the U.S. Regardless of the election outcome, many anticipate potential political and social volatility. According to reports by CNBC, immigration lawyers have observed an unprecedented surge in clients seeking alternative residency options, particularly affluent individuals who are increasingly proactive about securing their future abroad. This drift can be attributed to not only dissatisfaction with the political climate but also the enduring effects of the COVID-19 pandemic, which have prompted many to reconsider their living arrangements and seek stability in foreign nations.
Data reveals that at least 30% more affluent Americans are planning an exit compared to previous years. This trend is underscored by statements from Dominic Volek of Henley & Partners, an international firm that guides high-net-worth clients through immigration processes. Wealthy Americans have emerged as the largest demographic seeking such advice, now comprising over 20% of the firm’s clientele. Furthermore, David Lesperance from Lesperance and Associates reported a dramatic increase in inquiries from Americans considering overseas relocation—approximately three times the figure from the previous year. This indicates a broader societal shift towards exploring international options, making a future away from the U.S. increasingly appealing.
The inclination to relocate is particularly pronounced among younger millionaires. A recent survey by Arton Capital found that 53% of American millionaires are more inclined to leave the U.S. after the November election, with those aged 18 to 29 exhibiting the highest interest in obtaining “golden visas” to reside in European nations. Countries like Portugal, Malta, Greece, Spain, and Italy are top considerations for this demographic, as they offer favorable immigration programs that attract investors. This generational shift in attitude shows a growing concern among young affluent individuals who prioritize stability, security, and a more favorable political landscape that they perceive in Europe.
Commenting on this trend, Armand Arton of Arton Capital noted the fatigue many Americans are experiencing due to persistent political divisions. As the political climate grows increasingly divisive, individuals are actively seeking an alternative—or a “Plan B”—to safeguard their futures. The desire for a stable and conducive living environment, irrespective of electoral outcomes, is fundamentally reshaping the aspirations of a significant segment of affluent Americans. This trend not only reflects personal preferences but also carries implications for U.S. socio-economic dynamics, as a mass exodus of wealthier citizens could have far-reaching consequences on the national economy and tax revenue.
With just two days until the election, ongoing polling underscores the intensity of the political race between Republican Donald Trump and Democrat Kamala Harris. Key battleground states show an alarming deadlock, with neither candidate holding more than a two-point lead. States considered to be part of the ‘Blue Wall’—Michigan, Pennsylvania, and Wisconsin—are particularly close, with differences in voter support being minimal. An intriguing shift is occurring in Iowa, where recent polling indicates Kamala Harris has pulled ahead of Trump for the first time in years, highlighting the potential for a significant political realignment.
Amid this exhilarating political landscape, over 75 million early ballots have already been cast, as reported by the University of Florida’s Election Lab. The unprecedented eagerness of voters to engage early suggests a strong desire for participation in shaping the future of the nation. This surge in early voting, coupled with the noteworthy trend of wealthy Americans considering leaving the country, raises questions about the current political zeitgeist and its potential impact on American society moving forward. As the election approaches, both the domestic and international implications of Americans’ choices will likely resonate far beyond the immediate electoral consequences, signifying a pivotal moment in U.S. history.
