Jul 23, 2023

America’s Financial Center Of Gravity Moves South

Millions of Americans — and billions of dollars — bring new economic might and political power to Southern states.

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What’s happening: Over a hundred billion dollars in economic might has shifted out of the Northeast toward six expanding Southern states, Bloomberg reports. Dubbed the "$100 billion wealth migration,” this shift defines the post-pandemic era, with families and businesses in search of new opportunities in red states.

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