There is a possibility that Meghan Markle and Prince Harry may be facing financial strains in the future, says a royal specialist.

A Week After Letting Go Responsibilities as Senior Royals

Meghan Markle and Prince Harry had left their duties as senior royals last week, says an article. Contributor Omid Scobie, stated that the reason why the royal couple hasn't started a foundation yet are financial in nature. Scobie revealed that the couple did not anticipate the arrival of the COVID-19 crisis after stepping down as senior royals. The current pandemic had opened potential financial difficulties for the couple.

Recent Issue with Security

According to Scobie, aside from the challenges they are having from the media, the couple has recently faced security cost issues. These are issues that Meghan and Harry were aware of before stepping down. They knew that after stepping down as senior royals, they had to do everything by themselves. They ensure that they are not vulnerable to any more attacks.

Security is expensive. Security for the couple means that many personnel is needed to watch the two for a long period in the day. Also, they have to consider the expenses for travel and other costs.

Significant Income Source to Cover the Desired Lifestyle

The former senior royals will be needing to plan their future carefully. Also, they will be needing a significant source of income to meet their desired lifestyle.

Why Not Immediately Start a Foundation after Stepping Down as Senior Royals?

According to Scobie, one of the possible reasons why the couple did not immediately start a foundation after letting go of their senior royal titles was due to their limited funds. The couple could have started a fundraising campaign while raising money for themselves. However, the couple was used to not working to earn a living, Scobie added.

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Expenses of Royals

Before losing their senior royal titles, all of their expenses were paid but they do not earn a salary. The next few months of the couple will be difficult as they adjust to a new lifestyle where they have to earn a living.

We are yet to find out the challenges that the couple will have to face as they transition to a new lifestyle. This may remain for an undetermined period. There may be a possibility that the couple may be stressing at their water bills and other utility bills.

The Issue with the Couple's Finances

Meghan Markle and Prince Harry's financial issues were raised after the president of the United States that the country will not be shouldering the security costs of the couple.

In response, the couple insisted that they will not ask the US government to pay for their security.

The couple had recently moved from Canada to Los Angeles, California.

According to some reports, Prince Charles had pledged to provide a private contribution to the couple.

It is estimated that the couple's security costs can reach £4 million every year.