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Survey reveals many millionaires considering leaving the U.S. after the upcoming election, regardless of the outcome.

Summary

A significant number of millionaires in the United States are contemplating leaving the country following the upcoming election, regardless of whether Vice President Kamala Harris or former President Donald Trump wins. Recent surveys indicate that 53% of wealthy individuals plan to exit the U.S. due to concerns over the political climate and economic stability.

The Arton Capital Affluence & Elections Survey, which polled over 1,000 millionaires, found that while a majority support Harris, both potential presidencies raise alarm about economic challenges and potential tax increases. Notably, a third of millionaires expressed intentions to leave if either candidate is elected, highlighting a broader trend of dissatisfaction with political polarization and instability. The desire for “golden visas”—residency or citizenship through investment—has surged, particularly among younger millionaires, indicating a shift in how affluent Americans view their future in the U.S. compared to other countries like Canada, Australia, and New Zealand.

Political Preferences and Concerns

  • Support for Candidates: The survey revealed that 52% of millionaires favor Harris over Trump (42%). Among millennial millionaires, support for Harris is even stronger at 61%.
  • Economic Anxiety: Approximately half of millionaires are worried about the economic implications of either candidate’s presidency. This sentiment is particularly pronounced among those with higher net worths, who are more evenly split in their support.

The Impact of Political Climate

  • Desire for Alternatives: Many wealthy individuals are seeking alternatives abroad as a response to increasing political division and economic uncertainty in the U.S. This trend mirrors similar sentiments observed among wealthy citizens in other countries facing political instability.
  • Golden Visas: Interest in golden visas has notably risen, especially among younger demographics, indicating a proactive approach to securing residency options outside the U.S.

This growing inclination among millionaires to consider leaving the U.S. reflects broader anxieties about the future of the nation, driven by political and economic factors that are prompting a reevaluation of their residency options.

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