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Political effects on American travel in 2017
America's changing political landscape is impacting international travel now more than ever.
Wise conducted a survey exploring how strongly Americans are inclined to call the U.S. their permanent home, and how the current political environment is impacting U.S. emigration and tourism in the wake of the 2016 presidential election.
The 2017 Anchor Index, which is shown below, measures the president's effect on U.S. emigration
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1 in 10 Americans want to move abroad because of the current American political climate
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The number of people wanting to leave the country, however, has decreased from 2016, which was at 30 percent
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International vacations are losing appeal too. 47 percent of Americans express they're less likely to travel overseas
Millennials are packing their bags
On why this younger generation are those most open to relocating, Wise U.S. General Manager Joe Cross explains:
"Millennials are decidedly self-identifying as global citizens in a more connected world by rejecting the current rhetoric of nativism and entrenched borders. Younger Americans are championing inclusion, multiculturalism and an open world...drawn to opportunities to move abroad for a myriad of reasons: for job opportunities, personal relationships, embracing other cultures and adventures."
Those looking to relocate are America’s largest age group - millennials
And for those on work-enabling visas, nearly 50 percent are considering going abroad within the next five years. This may cause strong concerns over the ability to recruit and keep the best minds focused on driving American businesses forward.
For those who do work or live internationally and need to transfer money across borders, make sure to use Wise. It's far cheaper than a bank, PayPal or a traditional broker - see for yourself in the calculator at the bottom of the page. Or click here to sign up for a free account.
Here are the survey's key findings:
Click here to check out one of our first studies we did on Americans moving abroad.
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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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