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New Research Proves Quality of Life Is Better Abroad

Article Summary:

Surveys are showing life is better as an expat. Let’s look a little closer at the research to see what it is about living overseas specifically that makes expats, on the whole, much happier.

Photo Credit: Shelter Offshore

Original Article Text From Shelter Offshore:

You Could Be Better Off Living Abroad: Fact!

According to comprehensive research undertaken by Lloyds Bank, by far the majority of British expats surveyed report being happier living abroad and raising their children overseas, and they also comment that their lives are improved by their greater financial wellbeing now that they are expats.

As a stand alone statement that should be sufficient food for thought for anyone thinking about whether they would be better off living abroad, surely! But let’s look a little closer at the research to see what it is about living overseas specifically that makes expats, on the whole, much happier.

According to the findings of Lloyds Bank British Wealth research, as quoted in a recent Telegraph article: “Nearly three-quarters of British expats feel they have a better overall quality of life in their new country than in the UK, thanks to better wages and a lower cost of living.” So, is it all about the money?

According to Richard Musty, international director at Lloyds Bank: “…our latest British Wealth research reveals nearly three-quarters of British expats report that they enjoy a better overall quality of life in their current country of residence.”

Quality of life can come from many factors, and is subjective: however, according to Lloyds Bank’s research, their British expat respondents report that for them it’s about three key things:

1) Increased earning power
2) A lower cost of living
3) Being in a better location to raise children

As it’s approaching that time of year when we see a marked increase in the numbers of Britons contacting us as they actively consider cutting ties with the UK, it’s timely that we seemingly have evidence to support the decision to expatriate if you want a better quality of life.

The first quarter of the year is always our busiest time as we field many queries from Brits who have decided to make it their New Year’s resolution to perhaps go in search of a better life abroad.

Those who need any further evidence that it’s the right choice for them need look no further than Lloyds Bank’s research therefore.

If you want the potential to be better off financially, and you want to be in a better environment to raise your children, there are options outside of the UK that could provide you with a better quality of life.

However, where in the world should you choose? Well, that’s another question for another day. We will look at this particular question next, and base our findings of evidence from MoveHub, which is a brand new online resource for those contemplating a move abroad.

Link to Original Article:

From Shelter Offshore

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