Half of high-earning Britons would rather live abroad

07/06/2011

According to a recent study more than half of wealthy Britons believe that they would be happier living outside of the UK.

The study found that a large proportion of UK citizens are discontented with their lives in the UK.

The study by Lloyds TSB International Wealth revealed that only 10 per cent of high-earners consider the United Kingdom to offer a better quality of life than other developed nations.

A mere 9 per cent of people in the UK consider themselves financially better-off than those living in other developed countries.

MSN Money reported that ‘only 5 per cent of wealthy Britons think they are happier than those abroad, with 53 per cent convinced they are less happy than people who live in other countries. A total of 58 per cent think they are more stressed than their foreign counterparts’.

Nicholas Boys Smith, Managing Director at Lloyds TSB International Wealth, told the Shropshire Star: “Many wealthy people are downbeat about life in the UK – from a financial perspective, and more importantly in terms of their basic quality of life.
“There’s a groundswell of opinion that the key to happiness many not be found in Britain and that a better life can be had elsewhere.”

Despite the survey suggesting people are unsatisfied with their lives, predominantly based on the financial pressure within the UK, a survey conducted by Barclays Wealth found that 33 per cent of wealthy people wished they had more financial discipline.

It’s been suggested that the problem could be the UKs focus on wealth, driving people to want to move away.

A separate survey carried out by Barclays Wealth revealed has revealed that 49 per cent of high earners claim Britons are too worried about the financial situation, when there are other areas which could be focused on to improve their quality of live.

The Shropshire Star reported that ‘a third of people with savings and investments worth £250,000 would like to move abroad, around half of whom plan to relocate with the next two years.

Tags; Current UK Economy, Housing Debt and Bills, Income Worries and Debt, Retirement Money Problems,

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