Migration: Winners and Losers | Legacy Wealth Management

According to the latest information available from the Internal Revenue Service’ migration data it’s becoming clear that Illinois, New York, and California continued their streak as the nation’s biggest losers of residents and their wealth.

In turn, Texas and Florida were the nation’s big winners in this ‘economic migration’, gaining 256,000 and 175,000 new residents respectively.

California lost more people than any other state, with more than 332,000 net movers taking $29 billion to other states.

“Material prepared by Sherman Portfolios, LLC. “

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