Tags: Americans | open | leaving | country

Survey: One-Third of Americans Open to Idea of Leaving Country

By    |   Wednesday, 01 July 2015 12:35 PM

On Saturday we celebrate our independence day, and judging by a poll from TransferWise, a U.K. peer-to-peer money transfer service, many of us would be happy to declare independence from our own country.

A total of 35 percent of respondents would consider leaving the United States to live elsewhere and 14 percent said they would consider a move within the next five years.

A total of 65 percent of Americans said that given the right reasons, they would consider a move. And what are the right reasons? A 36 percent total cited a better quality of life, 33 percent cited a lower cost of living and 31 percent cited the appeal of new experiences.

A whopping 84 percent of respondents say the United States should make itself more appealing. But how? A 58 percent majority mentioned more affordable healthcare, 51 percent pointed to lower taxes and 48 percent mentioned education improvements.

One danger confronting investors of every country now is the volatility of global financial markets. Star bond fund manager Bill Gross of Janus Group, like many others, is concerned.

With banks hobbled in their market activity by more stringent regulation since the 2008 financial crisis, a liquidity crunch represents a real danger, he writes in a commentary.

And what could spark such a crisis?
  1. "A central bank mistake leading to lower bond prices and a stronger dollar," Gross writes. The Federal Reserve may begin raising interest rates in September.
  2. Greece. A default/restructuring will lead to more worries for weaker eurozone economies, he says.
  3. China. "It's the mystery meat of economic sandwiches: you never know what’s in there," Gross explains. "Credit has expanded more rapidly in recent years than any major economy in history, a sure warning sign."
  4. Emerging markets crisis.
  5. Geopolitical risks.
  6. "A butterfly’s wing. Chaos theory suggests that a small change in non-linear systems could result in large changes elsewhere," Gross writes. "Call this kooky, but in a levered financial system, small changes can upset the status quo."

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On Saturday we celebrate our independence day, and judging by a poll from TransferWise, a U.K. peer-to-peer money transfer service, many of us would be happy to declare independence from our own country.
Americans, open, leaving, country
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2015-35-01
Wednesday, 01 July 2015 12:35 PM
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