Attention Economy


Wednesday, June 29, 2022

The New York to Florida Exodus

The Flight of New York City’s Wealthy Was a Once-in-a-Century Shock
https://www.nytimes.com/2022/06/28/nyregion/wealthy-pandemic-nyc.html
The exodus to Florida was especially robust, and not just for the retiree crowd. In 2020, New York City had a net loss of nearly 21,000 residents to Florida, IRS data showed, almost double the average annual net loss from before the pandemic.
The pandemic accelerated the relocation of several New York-based financial firms to new offices or headquarters in Florida.