Wealthy Americans are leaving the U.S. for countries with lower taxes and a different lifestyle due to the soaring cost of private health care, which has become a major factor in “millionaire migration.”

In 2025, 142,000 millionaires relocated across international borders, the highest ever recorded, with the number expected to climb to 165,000 in 2026. The U.S. tops the list as the most expensive private health care market in the world.

Affluent households are aging into years of higher health care use, which could magnify the trend of wealth flight. Some states are losing wealthy residents to high taxes and a high cost of living, with health care issues becoming a growing concern.

High-net-worth migration can change local economies and boost the stock market, create jobs, and bring money into the economy. If more wealthy Americans prioritize affordable, high-quality health care, it could signal broader stress in the U.S. health care system.

Tracking migration patterns could help evaluate relocation or retirement plans, as certain areas may experience a boom in response to rising medical costs and an aging population. It’s essential to stay informed to make informed decisions about the future.

Read more at Yahoo Finance: Rich Americans aren’t just chasing low taxes, lifestyle anymore. Here’s what’s now driving the ‘millionaire migration’