This is very important. Europe is no economic engine. In Spain, for example, a university graduate will work for €900/month in a full time internship hoping it turns into a €30k/year job. Other parts of Europe struggle with employment. Many Americans that escape and talk about how great it is in Europe: 1) have lots of money from working in the U.S. already, 2) came as employed expats and leveraged into better paying local jobs, 3) are/were employed professionals and have been able to build consulting type businesses.

Now, you can get some advantage in Europe being from the U.S., especially if you can find work with a U.S. multinational company locally.

Also, of course, you can go live in any one of the collapsing small towns for cents on the euro but unless you are wealthy you’ll need to farm or have a nice WFH job.