Axios - Six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — now add more to the national GDP than the Northeast, the perennial powerhouse. . .Those six states' new muscle is part of a "$100 billion wealth migration" as the U.S. economic center of gravity tilts south, Bloomberg reports. . . . A flood of transplants helped steer about $100 billion in new income to the Southeast in 2020 and 2021 alone, while the Northeast bled out about $60 billion, Bloomberg writes from IRS data.
The Census Bureau said in May that nine of the nation's 15 fastest-growing cities were in the South. Of the nine fastest-growing cities in the South, six were in Texas.
Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
July 5, 2023
America growing in the south
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