The number of young individuals making above $100,000 are leaving California and New York at increasing rates. These are the places they flock to.
New York and California have long been attractive places for young workers striking out on their own. But that may be changing.tracked the movement of so-called"rich young professionals," which it described as anyone under 35 earning an adjusted gross income of at least $100,000.
SmartAsset determined the inflow and outflow of rich young professionals in all 50 states and the District of Columbia by using Internal Revenue Service data to compare tax returns from 2019 and 2020. It seems young professionals are most eager to leave New York. With a net outflow of 15,788, this state had the highest number of individuals leaving by a significant margin. With a net outflow of 7,960, California also appears to be losing allure for rich young professionals.
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