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Where Are the ‘Rich’ Millennials Flocking To?
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Subscribe10 SEP 2024 / FINANCE
High-earning millennials, individuals earning over $200,000 a year, are leaving states like New York and California, with North Carolina becoming a top destination due to job opportunities, lifestyle, and lower living costs, according to a recent analysis. This trend is attributed to millennials seeking more affordable real estate, lower taxes, and possibly a slower pace of life, potentially reshaping the economic landscape of these states as this demographic's economic contributions and spending habits drive local economies and businesses.
Wondering about an influx of well-heeled millennials, you’re not imagining things. High-earning millennials with net worth of over $200,000 a year have been leaving the bustling states like New York and California, according to a recent analysis. And it’s...
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