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What happened
Many Americans who have relocated to foreign countries express regret over significant expenses they encounter. The cost of maintaining a similar lifestyle abroad often leads to financial stress and reconsideration of their decision.
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Key insights
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1
High Cost of Living
Many expatriates report that the cost of living in their new country is higher than anticipated, especially in cities with a high standard of living.
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2
Healthcare Expenses
While some countries offer affordable healthcare, others can be unexpectedly costly, adding to the financial burden.
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3
Currency Fluctuations
Fluctuations in currency exchange rates can negatively impact the value of money expatriates bring from the U.S., making budgeting difficult.
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4
Hidden Costs
Unforeseen expenses such as taxes, import duties, and higher prices for imported goods often catch expatriates off guard.