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Now Even The Smart And Successful Young Professionals Are Fleeing Blue States

It used to be that the hundreds of thousands of Americans leaving blue states for places like Florida, South Carolina, and Arizona mainly were older Americans – retirees and near-retirees. We were told that dynamism and entrepreneurship were still found in places like New York City, San Francisco, and Chicago.

Except that the numbers don’t show that anymore. A survey conducted by SmartAsset tracked the movement of so-called “rich young professionals,” a group it described as anyone under 35 earning an income of at least $100,000.

Using IRS data from 2019 and 2020 tax returns, Smart Asset found that a NET of 16,000 upper-income young professionals has abandoned The Big Apple. In California – the technology capital of the world in the 1980s, ‘90s,and 2000s –  the net outflow is 8,000.

The top states they are fleeing to are primarily Red States. It turns out, the future is now happening in Texas, Florida, and North Carolina.

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