A $100 Billion Wealth Migration

Bloomberg: “The entire South, stretching from Florida north to Kentucky and west to Texas, is where businesses are moving to, jobs are being created and homes are being bought. The uplift isn’t happening equally everywhere, or equally for everyone. But the implications for the entire country are enormous.”

“The numbers tell the story. For the first time, six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — are contributing more to the national GDP than the Northeast, with its Washington-New York-Boston corridor, according to government figures going back to the 1990s.”