From the private Citizen’s Budget Commission’s comprehensive report comparing New York financial and population statistics with other states come this information comparing millionaires from 2010 through 2022 (about 60% into the report):
- Florida up 2.8%
- California up 1.2%
- Texas up 0.8 %
- Washington up 0.8%
- Georgia up 0.5%
- Pennsylvania down 0.3%
- Maine down 0.2%
- New Jersey down 0.9I
- llinois down 1.2%
- New York down 4%
And as Unleash Prosperity Hotline #1555 points out:
“The figures above are through 2022, so if the past four years data were fully available, New York’s numbers would be much more dire. California’s gains would be much lower given the massive outmigration of income from that state in the last few years.”
