Market Overview

Expats Flock to the United States for Career Opportunities, HSBC Survey Reveals


Expat Explorer survey shows living in America is not without its
challenges, but extra income and improved quality of life continue to
drive jobseekers here

Expats flock to the U.S. for career opportunities, according to the new Expat
survey released today by HSBC
Bank USA
, N.A., (HSBC), part of HSBC Group, one of the world's
largest banking and financial services organizations. More than half of
those surveyed said they have lived here for more than five years, and
despite some reservations about work/life balance and stress levels,
they have stayed because they want to continue that career development.

Almost all expats (92%) said they've had the chance to develop new
skills since the move. More than half (57%) report being more confident
at work and nearly two-thirds (61%) are more adaptable.

The majority (67%) of expats living in the U.S. agree that their
earnings prospects here are better than at home. According to the
survey, expats in the U.S. earn an average salary of $185,000 annually.
A third (35%) have used their extra income to invest in property and
half (49%) have been able to invest more for their retirement.

Outside work, expats report a range of different experiences. Nearly
half (49%) say their quality of life is better here than it was at home,
despite greater concerns about safety (68%), and 50% say that moving to
the U.S. has brought them closer to their children.

But, a third (34%) work longer hours than they did at home, leaving them
less time to work on personal goals like improving their social life,
health and wellbeing.

More than half (57%) say their social circle is smaller in the U.S. and
a quarter (26%) say it's been harder to form new friendships.

"There's a lot to consider when moving to a new country, regardless of
if it's your first time abroad or you're a seasoned traveler," said Paul
Mullins, Regional Head of International Banking for HSBC in the U.S. and
Canada. "For over 50 years, HSBC's professional advisors have been
helping expat and international customers face big challenges associated
with living abroad, such as having financial commitments in both their
home and host country, juggling finances in different currencies, moving
money to family abroad, having more money to manage and dealing with
complex tax situations."

Americans Abroad

This year's study suggests that one of the first things Americans do as
they approach retirement is consider moving abroad. After retirement,
the second most popular reason Americans decide to move abroad is to
improve their quality of life (31%) followed by an interest in
challenging themselves (22%).

Americans abroad are spread far and wide around the globe, settled in
countries ranging from neighboring Mexico (20%) to the UK (10%), China
(7%), Thailand (7%) and Hong Kong (4%), to name only a few. With
branches in 66 countries and territories in Europe, Asia, North and
Latin America, and the Middle East and North Africa, HSBC is able to
support these expats on the ground, wherever they choose to reside.

"As the world's leading international bank, we are committed to helping
these customers better understand their finances and make planning for a
future abroad simple," Mullins added.

Note to editors

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves
customers through retail banking and wealth management, commercial
banking, private banking, and global banking and markets segments. It
operates bank branches in: California; Connecticut; Delaware;
Washington, D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania;
Virginia; and Washington. HSBC Bank USA, N.A. is the principal
subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North
America Holdings Inc. HSBC Bank USA, N.A. is a Member of FDIC.
Investment and brokerage services are provided through HSBC Securities
(USA) Inc., (Member NYSE/FINRA/SIPC) and insurance products are provided
through HSBC Insurance Agency (USA) Inc.

HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The Group serves customers worldwide from
around 3,800 offices in 66 countries and territories in Europe, Asia,
North and Latin America, and the Middle East and North Africa. With
assets of US$2,603bn at 30 September 2018, HSBC is one of the world's
largest banking and financial services organizations.

About Expat Explorer

The Expat Explorer survey was open to adults over 18 years old currently
living away from their country of origin/home country. The survey was
completed by 1,368 expats in and/or from the United States through an
online questionnaire in March and April 2018, conducted by YouGov and
commissioned by HSBC Expat. A minimum sample of 100 expat respondents
and at least 30 expat parents is required for a country to be included
in the league tables, with 31 countries qualifying in 2018.

About HSBC Expat

HSBC Expat is a trading name of HSBC Bank International Limited. HSBC
Expat is an award winning provider of expat financial services, with its
head office based in Jersey, Channel Islands. It also has representation
in Dubai and Hong Kong. As part of HSBC Holdings plc, HSBC Expat has the
experience to offer tailored financial solutions to customers living and
working abroad. For more information visit:

Expat Explorer online

Report and country comparisons:
experiences blog:
ratings of 46 host countries are available to explore online through the Expat
Explorer interactive tool

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