Wednesday, 8 June 2011

Are money worries impacting the Expat community?

In the latest International Passenger Survey, (in which a quarter of million face-to-face interviews are carried out in a year with passengers entering and leaving the UK) conducted by the Office for National Statistics, the number of Britons leaving to live abroad has fallen by 50,000 since 2009.

In a recent post from Expat Explorer we looked at how the cost of pension transfers for retired expats is having a serious effect on their expat dreams but what would cause such a large decrease in the number of Brits chosing to move abroad?

One obvious reason stopping the mass migration of sun seekers is money. It’s inescapable, things are tough not only in the UK but in other popular expat destinations such as Spain where inflation and struggling currencies mean that getting by is just that little bit harder.

However, it’s not all gloom and doom when it comes to exploring overseas as the pull for European students to study abroad continues to grow. The number of students studying on the Erasmus Scheme, the world’s most succesful student exchange programme, has seen a record number of applicants handed grants. Could this mean more expats in the making..?

Do you have any thoughts you want to share with us on this topic?

Take part in the 2011 Expat Explorer survey

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