Geopolitical uncertainty has triggered a migration pattern you might not expect: wealthy Westerners are fleeing their home countries in record numbers. America and Europe are losing their millionaires, who are keen to escape the threat of wealth taxes and shifting political headwinds. Dry your eyes, though, because plenty of governments remain eager to take in foreigners with money and skills—and a growing industry of trusted advisers stands ready to help them relocate.

We report on another demographic shift this week: America’s suburbs are greying. Falling birth rates, longer lifespans and 76m baby boomers have transformed the country. Today almost half of Americans live in a county where people over 64 outnumber those under 15.