Expat Survey by HSBC Bank Explaining Why Expats Live Outside the USA or Europe

Interesting survey done by HSBC bank, interesting insights, but I would not say it means much.

HSBC Bank one of the most International Banking companies on the planet has a straw poll on it web sites trying to explain Expatriates. An Expatriate is a person who is in my ways, not more patrioitic to their new country, then their country of birth or citizenship.
Expat Survey

What is the value of this survey?

This is a good suvey, why, it can help you understand why you are motivate to live abroad, or retire abroad.

A suvey of Expats is fun, but truly mean little to me, there is truly no way to connect to people livng overseas, they do not want to be contacted. I suspect this means, the people who bank with them, and would answer the survey from the point of view of banking. Truly this is not a good sample of Expats, but almost all that is possible to get.


This 81 percent at the top, and at the bottom is a huge question mark for any crtical thinker, the graph is drawn wrong. Let me say, if personal development is the top reason, than the groups they should be at the top do not care about Banking.

The problem with the question, "Who is an Expatriate?, or I willl pose these questions:

1. Retire Aboad, this is a person who is maybe emigrating, but refusing to give up home citizenship.

2. Living abroad on temporary basis, called an Expat, but truly just a person living abroad.

3. Immigration or an immigrant is technically an expatriate.

Immigration Defined: (Enter a new country.) is the act of foreigners passing or coming into a country for the purpose of permanent residence. Immigration is made for many reasons, including economic, political, family re-unification, natural disaster, poverty or the wish to change one's surroundings voluntarily.

4. Refugees: Leaving because they are forces, or have a good excuse, they are feeing, but normally refuse to return.

Retire Abroad Map

This is an immigration map: ---- People move to the blue areas

Emigration Defined: (Leaving home) emigration is the act of leaving one's country or region to settle in another. It is the same as immigration but from the perspective of the country of origin. Human movement before the establishment of political boundaries or within one state is termed migration. There are many reasons why people might choose to emigrate. Some are for reasons of religious, political or economic freedom or escape. Others have personal reasons such as marriage. Some people living in rich nations with cold climates choose to move to warmer climates when they retire.

The Goal of the Banks

1. Sign up anybody moving into a country, with the hope they believe one account will work in all countries. (It does not work that way.) Inside the European union, or inside the USA maybe, but you are not going to be able to just make a deposit, or withdraw money at the bank, only ATM is possible.

2. Hook in the big money people who are trying to hide money, or cheat the tax systems.

What is the normal goal Expatriate of web sites?

To convince you, to make you believe you are in some way a noble, intelligent, and more intellectual person.

The big thing is to get an idiot to buy real estate, to convince them to pay "Blue Country" money in a non-blue so they can triple the money, incredibly stupid.

Well, any savvy person who lives abroad, normally does it for a combination of Weather, Girls and to be a rich man in a poor country. To know I earned 30-50 a year, and live in a country that needs less than 5 K to live.

I have lived abroad for over 14 year as of 2012, I will alway retain my USA passport, and have no idea why I need to become a resident of another country, except to be able to stop doing visa runs. Buying land will force you to do residency, and not a good reason, you need to live in a country for over seven years before you have truly proven to me you emigrated there.

Solution: I recommend a person never buy real estate overseas, this allow the person to alway change their mind about a decision. As best I can tell, when you try to sell real estate, it on average can be on the market for 5-10 years.

Selling Real Estate overseas takes 5-10 years,
(Note, I was a licensed real estate broker for 14 years in the USA, and sold 80-100 homes per year.)


to Leave a Comment or