Wealthy Millennials are Leaving these States

In an article titled “Wealthy Millennials are leaving these states – and moving to these instead,” I had fully expected to see California at the top of the list of states folks were fleeing from, but was surprised!  Based on data provided by the IRS from the 2015 to 2016 tax year, a June 2019 SmartAsset study listed New York as the top state rich millennials are fleeing.  “Wealthy” or “rich” millennials  were defined as those younger than 35 with a gross annual income of $100,000 or more.  Other states wealthy millennials are leaving included Illinois, Virginia, Massachusetts, and Pennsylvania, respectively.  And where are they heading instead?  California topped the list.  They’re also moving to Washington State, Texas, Colorado, and Florida.