Andrea_Hill / Getty Images
- American millionaires are moving overseas, and it's not to dodge taxes, a consultancy firm says.
- They're trying to future-proof their wealth, fearing crime and instability in the US, per the analysis.
- Net inflows of wealthy people into the US fell to 1,500 in 2022, down from a peak 10,800 pre-pandemic.
America is losing its millionaires.
The net inflow of high-net-worth individuals to the US plummeted 86% in 2022 from peak pre-pandemic levels, falling to just 1,500 people, according to a new wealth report by London-based consultancy Henley & Partners.
That's compared to a net inflow that fluctuated between 6,400 and 10,800 wealthy people a year from 2013 to 2019.