Gen Z is looking to leave United States because they can no longer afford to live there, according to a new report from Greenback Expat Tax Services.
The 2024 Expat Report found that 45 percent of Gen Z expats had left the country because they wanted a lower cost of living.
That differed from their millennial elders, who were far more likely to leave the United States for political reasons (40 percent).
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"It's a wake-up call," Michael Ryan, a finance expert and the founder of michaelryanmoney.com, told Newsweek. "These kids are facing financial obstacles their parents never dreamed of. Sky-high rent, massive student loans, and paychecks that barely cover a night out. No wonder they're eyeing the exit."
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