As the cost of living in the West continues to rise, Generation Z is increasingly looking for alternatives that offer not only financial relief but also an enriched lifestyle. Unlike previous generations, Gen Z is more willing to take risks, seek new experiences, and rethink the traditional path to adulthood. In this blog, we explore why many young people are choosing to live abroad, escaping the rising expenses of Western countries, and how they are making it work.

The Cost of Living Crisis in the West

For many young people in countries like the United States, Canada, the United Kingdom, and other parts of Western Europe, the cost of living has risen to levels that make it nearly impossible to maintain financial stability without significant sacrifices. Rent prices, especially in urban areas, have skyrocketed, and basic necessities like food, utilities, and healthcare are becoming increasingly difficult to afford.

Gen Z has grown up during a time of constant economic uncertainty—witnessing the impact of the 2008 financial crisis, the COVID-19 pandemic, and now rising inflation. This generation has to deal with growing student debt, increasing housing costs, and stagnant wages, which have led many to reconsider whether the "American Dream" or the Western way of life is still attainable.

The Appeal of Moving Abroad

On the other hand, many countries across Latin America, Southeast Asia, and Eastern Europe offer significantly lower costs of living while still providing a high quality of life. Countries like Portugal, Thailand, Mexico, Georgia, Paraguay, and the Dominican Republic are becoming increasingly popular among young people seeking a more affordable lifestyle that offers both comfort and opportunity. Here are some reasons why moving abroad appeals to Gen Z:

• Lower Living Costs: In countries like Mexico, Paraguay, or Vietnam, rent, groceries, and even dining out cost a fraction of what they do in major Western cities. For many young people, living comfortably on a modest income or a remote salary earned in dollars or euros is much more achievable abroad. Paraguay and the Dominican Republic offer an affordable lifestyle that is a significant upgrade compared to the high costs in many Western cities.

• Remote Work Revolution: With the rise of remote work, largely driven by the pandemic, Gen Z finds it easier than ever to earn a Western salary while living somewhere more affordable. The digital nomad lifestyle has become an attractive option, allowing young people to work from anywhere in the world as long as they have a reliable internet connection.

• Increased Freedom and Flexibility: Moving abroad provides a level of freedom that many young people find liberating. Without the pressure of high rent or overwhelming student debt, Gen Z can focus on personal growth, creative projects, or simply enjoying life without being financially strapped.

Quality of Life Matters

For many in Gen Z, the decision to leave the West is not just about escaping high costs—it’s also about quality of life. In many countries abroad, life moves at a slower pace, and there is a greater emphasis on community and well-being. Gen Z is highly value-driven, prioritizing mental health and work-life balance over career prestige or traditional definitions of success.

Countries like Portugal are known for their laid-back culture, friendly locals, and beautiful scenery, making them ideal destinations for young people who want to embrace a less hectic lifestyle. In countries like Thailand, Colombia, Indonesia, the Dominican Republic, or Paraguay, young expats can enjoy beautiful weather, rich culture, and new experiences—all while spending less than they would in a Western country. The Dominican Republic and Paraguay offer a favorable balance between quality of life and affordability, with stunning beaches, natural surroundings, and a vibrant community that welcomes newcomers.

Community and Connection

Another significant factor drawing Gen Z abroad is the opportunity to become part of a vibrant and diverse expat community. Digital nomad hubs like Bali, Medellín, Chiang Mai, and the growing communities in the Dominican Republic and Asunción (Paraguay) are filled with like-minded individuals seeking the same freedom and adventure. These hubs often provide excellent opportunities for networking, finding new projects, and collaborating with other creatives, entrepreneurs, and remote workers.

Moreover, social media and global connectivity have made it easier than ever for Gen Z to find and join communities before even moving abroad. Platforms like Instagram, TikTok, and Facebook groups provide a sense of connection, allowing young people to learn from others who have already made the leap.

Financial Freedom and Savings

One of the biggest draws for Gen Z to live abroad is the opportunity to achieve financial freedom. In Western cities, it can be challenging for young people to save money or invest in their future due to the high cost of living. By moving abroad, many Gen Zers are finding that they can save a significant portion of their income, invest in side projects, or even start their own businesses.

A remote worker earning a U.S. salary, for example, can live comfortably in Mexico, the Dominican Republic, or Paraguay for a fraction of the cost of living in a major U.S. city, allowing them to save money or invest in assets like real estate or cryptocurrencies. This newfound financial freedom is a driving force behind Gen Z's desire to leave the West in search of a more sustainable lifestyle.

Challenges of Moving Abroad

While the advantages are clear, it’s important to note that moving abroad isn’t without its challenges. Language barriers, cultural adjustments, and navigating foreign bureaucracies can all be difficult aspects of living in a new country. However, for many in Gen Z, these challenges are worth the trade-off for lower living costs, higher quality of life, and the opportunity for growth.

Conclusion: A New Definition of Success

For Gen Z, success is no longer defined by a steady 9-to-5 job, a mortgage, or staying close to home. Instead, it’s about experiencing life, finding balance, and creating opportunities on their own terms. Moving abroad provides the chance to live well, save money, and experience new cultures without being burdened by the escalating costs of the West.

The decision to relocate is becoming a defining characteristic of Gen Z’s approach to adulthood. With a global mindset, an openness to change, and the tools needed to work remotely, Gen Z is reshaping what it means to build a successful, fulfilling life—and for many, that journey begins by stepping onto a plane and finding a new home far from the Western world.