The best country to build multi-generational wealth is Switzerland.
The Alpine nation offers the best opportunities in the world for families looking to relocate and access the highest earnings and best career prospects for themselves and their children, according to a new index by citizenship advisory firm Henley & Partners. The US and Singapore came in second and third.
Switzerland has a 2% unemployment rate and is home to seven of the world’s top 250 universities, according to the research, making it a premium destination for families looking to build wealth and ensure good careers for their kids. The US also provides great employment prospects and unparalleled education with 46 of the world's top universities. Meanwhile, Singapore is at the heart of a growing economic region with plenty of opportunities in banking and engineering as well as easy-to-navigate visas.
The study examined education, earning potential, career advancement, livability, economic mobility and job prospects across 27 countries to establish “opportunity scores” for families looking to move and earn more. The ranking found that a typical Indonesian family whose score sits at 25% in their home country could raise their probability of success for the next generation to 82% by accessing residence rights in the US. Similarly, an Indian family with a score of 32% relocating to Switzerland would increase their advantage to 85%.
“Income variation globally is largely attributable to which country people live and work in,” said Tess Wilkinson, director of Henley & Partners Education. “Picking the right country is key to ensuring multi-generational wealth.”
