5 countries where American and European millennials are living their best lives abroad
Western millennials may be less financially secure than their parents were at their age, but
A Boston Consulting Group study revealed that in 2014, some 59% of Americans between the ages of 21 and 30 were willing to consider career opportunities abroad. By comparison, barely a third of US nationals overall were willing to move abroad for work.
European millennials shared their American counterparts’ enthusiasm for employment abroad. According to the study, more than 50% of 21 to 30 year olds in the following countries were ready to expatriate for work: Germany, Belgium, Austria, Greece, the United Kingdom, Spain, Italy, Sweden, Slovenia, Switzerland and France. In fact, more than 90 percent of French youth expressed a readiness to do so.
Millennials are also more likely than the members of any other living generation to move abroad with the specific aim of finding purpose in their careers. According to
For those adventurous millennials who may be mulling a similar move,
1. New Zealand: an epic oasis of job security
New Zealand tends to evoke images of mountain peaks, beautifully wild terrain and rugged coastlines à la Lord of the Rings.
Lesser known is the fact that expats living in New Zealand consistently rank it as one of the best countries on earth to live in as a foreigner.
Expats polled for InterNations’ 2016 Expat Insider survey (EI survey)** ranked the
Generally, New Zealand hits all the bases in terms of millennials’ workplace priorities, offering high job security, solid opportunities for career progression,
It’s a relatively easy country for foreigners to acclimate to. According to the EI survey, it ranks 5th in terms of ease of settling in, 3rd for feeling welcome and 8th for friendliness.
The excellent leisure options may contribute to the fact that expats in New Zealand report a high level of personal happiness; the country ranks 6th in this category, according to the IE survey.
According to the two surveys, the biggest drawback of expat life in New Zealand is how pricey it can be. It received low scores in the HSBC survey for disposable income, wage growth and savings.
2. Vietnam: adventure, natural beauty and incredible food on a shoestring
Anyone deterred by
The HSBC survey ranked Vietnam 3rd in terms of expats contentment with their savings and 4th for disposable income. Similarly, it comes in fifth in terms of personal finance, according to the EI survey.
Most expats (74%) in Vietnam report being generally content with their jobs, and it ranks 12th of the 67 countries covered in the EI survey in terms of working abroad.
Vietnam also ranks highly for personal happiness, coming in 8th place in the EI survey. This could be attributable to the fact that locals in the country are known for their friendliness; it ranks 9th in that category, as well as 5th in the
Like New Zealand, Vietnam offers no shortage of leisure activities – from kicking back and relaxing on a cruise amid the famed marble karsts festooning Halong Bay, to trekking through the picturesque highlands of Sapa, the country has memorable options for travelers of all budgets and fitness levels.
It’s also ideally located for regional travel. A flight from the Vietnamese capital of Hanoi to the Thai capital of Bangkok will take you less than two hours, while just under three and a half hours could get you to either the Cambodian capital of Phnom Penh or the Philippine capital of Manila.
Both surveys revealed that a key area expats are less than thrilled with in Vietnam is healthcare. Fortunately, Ho Chi Minh City is just a
3. Singapore: excellent expat benefits and abundant travel opportunities
Singapore is a bustling metropolis and global financial center nestled in the tropical heart of Southeast Asia. It is the overall top choice of
In addition, while Singapore is known for being very expensive, salaries are also known to be sky high. As a result, it received high scores for savings and disposable income in the HSBC survey.
The expat quality of life is generally very high, ranking 8th in the EI survey.
As with Vietnam, one of
Another selling point is
A drawback of expat life in Singapore is one close to the hearts of expat millennials: a lackluster
4. Czech Republic: castles, cobblestones and good, cheap beer
The Czech Republic has long been a darling among tourists in Europe, who are drawn to its rich variety of historic architecture, its cobblestoned streets, its gorgeous countryside and the fact that its
It ranks highly in both the HSBC and the EI surveys for its healthy
It also boasts a high quality of life, coming in 5th in the HSBC survey and 7th in the EI survey.
Like Vietnam and Singapore, the Czech Republic is ideally situated for those wishing to travel the region. Located in the center of Europe, most European capitals are reachable with a quick flight from Prague. For example, a flight from Prague to Barcelona will take you just under two and a half hours, while a flight to Berlin will take you an hour.
Expats in Prague also love to take advantage of the opportunity to get to know the
One downside of Czech expat life is wage growth. The HSBC survey ranked the Czech Republic as among the bottom five in that respect. Still, the country ranks high with respect to personal finance, including solid savings and generous amounts of disposable income. This likely boils down in part to its low living costs. It ranks 8th in that respect in the IE survey.
5. Costa Rica: rugged natural beauty and
the world’s happiest expats
Costa Rica trumps even New Zealand in terms of making expats feel right at home. According to the EI survey, it ranks 2nd in terms of ease of settling in, 4th for feeling welcome and 3rd for friendliness.
It ranks 5th in the survey in terms of expat quality of life, owing to the aforementioned happiness of its expat inhabitants, solid scores with respect to health and wellbeing as well as safety and security, and its abundance of leisure options.
Expats love to spend time lounging on
Where Costa Rica drags its feet in the survey is in the professional arena. It ranks a promising 13th with respect to
Toward that end, some 19% of Costa Rican expats own their own businesses, well above the global expat average of 8%.
Notably, the HSBC survey, which featured about
* For the 2016 Expat Explorer survey, HSBC polled 26,871 expats around the world between March and April 2016. It included 45 countries.
** For the 2016 Expat Insider survey, InterNations polled upwards of 14,000 respondents, who included expats from 191 countries or territories around the globe. The survey included 67 countries.
Ingrid Burke, International Editor at Tranio.com
Originally published by nomadisbeautiful.com