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Thursday, March 23, 2023

Possible economic collapse in the US displaces Americans to Mexico

Americans are fleeing to Mexico and In the first five months of 2022 alone, 5.3 million US tourists have traveled to its neighbor south, a million more than in 2019. With a special presence of digital nomads, a phenomenon that accompanies the pandemic.

Too, This migratory flow that could increase, given that the United States is facing a negative third quarter or so some institutions predict after knowing the GDPNow model estimates for real GDP growth in the third quarter of 2022, A seasonally adjusted annual rate, calculated at 0.5% on September 15, compared to the 1.3% reported on September 9, which, if true, would have led to the collapse of the economy in the North American country.

This collapse could add more digital nomads to a community that already has 35 million people in the world and is made up mostly of Americans (31%). traveling to destinations like Mexico, Colombia, Portugal, Spain, Thailand and Indonesia are favorite destinations for the entire modern nomadic community.

spread with the advent of digital nomads epidemics and telecommunications, but With inflation and rising housing prices, they found a reason to stay, as a room in places like California can cost an average of $3,230 a month while in Tijuana it’s $600 a month.

The quest for cheap living is one of the main reasons for the emergence of this community, but it also brings with it a range of problems such as gentrification, irregular immigration and tax evasion. A series of conflicts that have prompted European states to create new laws and tax figures to prevent tax evasion.

Give us your opinion and let us know if you like or don’t like this new issue and don’t forget that our portal has everything you need to stay up to date with the most important economic information.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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