Lower Living Costs Make British Expatriate Life Happier
Almost 75% of British expatriates feel that they are enjoying a superior quality of life in their new country, compared to the life they had in the UK. The influencing factors have been better wages, coupled with the far lower living costs. The findings have come from the Lloyds Bank British Wealth research.
The study also revealed that these British expatriates felt much happier raising their children in their new country, than they had ever felt in the United Kingdom. Sometimes a change of scenery and a fresh start revitalises the mind, and this is reflected in the mood of the individuals which becomes much more positive.
There were a number of factors that were shown to improve the quality of British expatriate life. The three most common were the increased income, lower cost of living, and the new place being safer to raise children. 46% of British expats have revealed their financial situation is much better off now that they are living abroad. 58% had revealed they earned more money in their new country, than they had done while working in the UK.
Life is easier abroad
The reality is the cost of living is an important consideration when deciding quality of life. In the UK, the very fact that wages are dropping while the cost of living increases definitely backs the views of those British expatriates who were included in the research by Lloyds Bank. Salaries rose by 0.8% from June to August 2013, when compared with the same period last year. At the same time prices have increased by 3.3%. This is evidence supporting the fact that it is becoming increasingly difficult for Brits to meet their costs, and the reason why British expatriate life is happier and much easier.
Happiness comes from individuals feeling settled and content with their lives. When they know they are able to meet the financial demands placed on them, while at the same time having enough disposable income to enjoy life. As the years crawl by, it is evident that this is harder to achieve in the UK. Which is why so many individuals set out to build and enjoy their British expatriate life.