Re:New York, California Lose Firms Managing an Estimated $2T...
by dirck on Friday August 25, 2023 @01:01PM
(#37264150)
The original article came from Bloomberg. It nicely charts out inflows and outflows from each state.
Generally, it's because of lower cost of living. But, there are other things mentioned such as bringing expertise to areas requiring more diverse financial needs, as well as quality of life/relaxed life style. But, almost all studies of this migration point to cost of living.
Generally, it's because of lower cost of living. But, there are other things mentioned such as bringing expertise to areas requiring more diverse financial needs, as well as quality of life/relaxed life style. But, almost all studies of this migration point to cost of living.
https://www.bloomberg.com/graphics/2023-asset-management-rel...