Six states in the south are seeing rapid growth in the share of national gross domestic product (GDP) as people flock to the region, while states in the northeast are faltering, Bloomberg reported.
Florida, North Carolina, South Carolina, Texas, Georgia and Tennessee are in the middle of a $100 billion wealth migration that started during the COVID-19 pandemic as businesses and people moved south, according to Bloomberg. States in the northeast lost approximately $60 billion in 2020 and 2021, falling behind the six southern states in collective GDP for the first time.
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