The U.S. has been ranked as the least desirable destination for British families looking to relocate abroad.
Numerous Brits are currently contemplating relocating abroad, ranging from recent graduates to affluent professionals.
And the motivating force for many is clear: money.
A majority of British workers (52%) have contemplated departing the UK in search of superior job prospects abroad, as per the British human resources website Employer News.
According to research from Prograd, a London-based financial services company, others are looking for affordable housing and lower taxes.
Considering the possibility of moving abroad and actually executing it are two distinct things, particularly for parents who must evaluate if the grass is greener abroad for the entire family.
The best countries for Brits to relocate to outside the UK, according to expat insurance company Williams Russell, are Portugal, Sweden, Italy, Spain, and Finland.
The United States, often called Britain's "relative," ranks last in a list of 28 countries due to high childcare expenses and long work hours.
In the United States, the average monthly rent for a three-bedroom apartment is $2,793, which is higher than every country on the list except for Switzerland ($3,281) and Ireland ($2,830), according to Williams Russell.
The company used Numbeo to calculate country-wide rental averages and estimated that Brits would pay approximately 34% more in rent to live in the U.S. than in their home country.
The U.S. is the only country on the list without federally mandated paid maternity and paternity leave, resulting in a negative impact.
According to the Bipartisan Policy Center, 13 states and the District of Columbia have enacted paid family leave laws, including New York, New Jersey, California, Connecticut, Colorado, Delaware, Maine, Massachusetts, Maryland, Minnesota, Oregon, Rhode Island, and Washington state.
Management and professional workers may want to verify their employment benefits, including paid family leave, as per the U.S. Department of Labor Statistics' 2023 report.
UK vs. U.S. universities
American universities rank highly among the top universities globally, with 97 institutions in the U.S. compared to Germany's 34, Italy's 19, Australia's 17, and Canada's 16 combined.
According to Kings Education, universities in the United States are generally more expensive than those in the UK.
The cost of attending university in the U.S. varies greatly depending on the school, with private universities often being more expensive than public ones. Additionally, out-of-state students typically pay more than in-state students. In contrast, tuition fees for British citizens are capped at £9,250 ($15,950) per year.
According to Kings Education, the cost of studying a bachelor's degree at a public university for international students can range from $45,000 to $55,000 per year, while private institutions may charge more.
Since the pandemic, the rise in American university costs has slowed down.
While eight schools, including New York University, Tufts, Brown, and Yale, are close to charging $100,000 annually for tuition and living expenses, families often discover ways to pay significantly less.
Business News
You might also like
- Richard Branson encourages young people not to despair about the future, stating that we can conquer climate change.
- "Gladiator" earns $55.5 million while "Wicked" takes in $114 million in its domestic opening.
- Can Starbucks reduce wait times at its airport cafes?
- Paris's next big soccer success may be planned by one of the world's wealthiest families.
- "Gladiator II" team-up is projected to have a $200 million opening weekend, with "Wicked" bringing in $19 million in previews.