Move over Generation X…there’s a new generation on the rise. But don’t worry. They’re not invading coffee shops, smoking cigarettes or hanging out at the mall. In fact, they’re not even here.
Introducing Generation X-Pat
Unlike previous generations, Generation X-Pat is not defined by birth years. They aren’t the same age, race, or creed. Gen X-Pat are those who have fled America and have no plans of coming back.
And they are increasing at a rapid rate. In 1999, there were only 4.1 million U.S. citizens living overseas. Today, there are 6.32 million. Plus, the number of Americans planning to move overseas has increased by 1.7 percent since 2009.
They’re entrepreneurial, too. Spend time in Central America and you’ll notice nearly every expat owns their own business. Whether it’s a bakery, non-governmental organization, property management firm, or Internet person (how ever they make money), American’s entrepreneurial spirit is still going strong… even if it’s going somewhere else.