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Originally Posted by Vlajos
I find the whole report suspect. Did you read it? 800 high net worth individual interviews for the entire world?
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Yeah, actually this study is weird
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Sources for the millionaire-migration study, the third done by New World Wealth, include: interviews with about 800 millionaires a year; interviews with migration experts, wealth managers and property agents; property sales records; and tracking of millionaire movements in the media.
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So basically, it's a complete estimate and it doesn't look like it's very conclusive. They talked to less than 1000 millionaires out of the tens of millions of millionaires around the world. That's an extremely shitty sample. Sure, you might have a sample size of 800 people, but it represents thousands of people usually, not tens of millions. For tens of millions, you usually have numerous samples of 600-800 people. Then the other stuff - what are property sales records going to tell you? There are many multi millionaires who own properties all over the place. I have friends who own places in Florida, just because they sell their place there doesn't mean they're magically moving out of Florida. Not to mention there's many properties that are "hidden" under different names, trusts, companies, etc. Wealth managers don't usually give away much information in general, etc. It basically seems as if they talked to only a few millionaires per major city around the world (that's known to have some wealth), a few wealth managers, etc. There's no way this thing could have been that conclusive. Even if it was - is anyone honestly concerned about 2% of the city's millionaire's leaving?
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