It's no secret that people are moving around the United States a lot lately. Ever since the rapid increase in housing prices and the rapid decrease of employment since the pandemic, people have been searching for more affordable places to go. So where are all these people going? Let's take a look at some of the states that are losing the most people and where they are ending up.
1. New Jersey
2. New York
New York is another state that has seen a lot of people moving out in recent years. The high cost of living is one reason for this, but another is the state's tax burden. New York has some of the highest taxes in the country, and many people are simply tired of paying so much to the government.
It's no secret that Illinois is in the midst of a serious financial crisis. The state has been struggling to pay its bills for years, and things came to a head in 2017 when the state's credit rating was downgraded to "junk" status. This means that it's becoming increasingly difficult (and expensive) for the state to borrow money.
Like Illinois and New Jersey, Connecticut is also facing some serious financial difficulties. The state has a huge budget deficit, and it's been raising taxes to try to close the gap.
California has always been a popular destination for people from all over the world, but lately, it seems like more people are leaving than coming. One reason for this is the high cost of living in California. housing costs have skyrocketed in recent years, and many people are being priced out of the market.
Kansas has been struggling economically for years, and things came to a head in 2017 when the state enacted massive tax cuts. These tax cuts caused the state's revenue to plummet, and it's now facing a serious budget crisis.