> For example, the 9500 millionaires widely reported to be leaving the UK in 2024 represented 0.3% of the UK’s 3.06 million millionaires.

I think this study is a bit misleading. If the UK truly has 3M millionaires I strongly suspect a large majority of them are regular people with OK jobs that are “millionaires” by virtue of owning a house and having retirement savings. The vast majority of these people are likely making decent but not remarkable incomes and likely can’t afford to relocate to another country. Without breaking this down into income groups, this article seems fairly misleading. But that’s par for the course I guess, since media and politicians a) frequently conflate wealth with income and b) are counting on people thinking a net worth of a million (dollars|pounds) makes a person “rich.”

The criteria is someone with 1 million in liquid investable wealth - homes are not investable assets or liquid.

This is actually stated in the report xD

In the UK every 3rd older homeowner is essentially a millionaire

https://theferret.scot/27-per-cent-pensioners-millionaires-m...