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What is cheap for these Americans is brutally expensive for southern Europeans, whose average wages are substantially lower than Americans’. Between 2020 and 2021, the number of North Americans moving to Portugal doubled, at a time when migration from Europe and South America fell. Last year, Americans bought more Portuguese golden visas than any other nationality in the world, edging out the Chinese. These policies “are a catastrophe for the Portuguese,” Mr. Janes, a product manager for Vodafone, told a reporter, voicing a growing resentment among his compatriots. “My family needed safe harbor and we found it here.”The post Americans Head to Europe for the Good Life on the Cheap appeared first on New York Times.
