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Wednesday, May 20, 2009

Study show's technology alters where wealth is


ORLANDO, Fla. — After two decades as a high-powered marketing executive, Scott Relf and his six-figure income moved from the cold of suburban Kansas City, Mo., to the Florida coast. Because he could.

Relf, 48, became a self-employed consultant in Naples for companies inventing new products and said he still makes close to the $250,000 he earned as a corporate executive.

He’s among those high-income earners who have gravitated to states such as Florida, Colorado, Nevada and Wyoming over the past decade, an Associated Press analysis shows.

Just a decade earlier, higher income earners were concentrated in counties with large numbers of financial, real estate and professional jobs. But the Internet, wireless technology, and the ability to fly commercial in and out of almost any airport in the country have freed them to move elsewhere in significant numbers.

The top-100 counties had an average per capita income of $58,691. The county-level, per capita estimates from 2007, released by the Bureau of Economic Analysis last month, offer a snapshot of the distribution of wealth in the United States before the recession began.

Although many Americans are poorer now than at the end of 2007, the geographic distribution of wealth likely hasn’t changed much because there have been fewer Americans moving.

New York was ranked No. 2, followed by white-collar areas such as San Francisco (No. 10) and Washington, D.C. (No. 22) and their suburbs.



by the associated press

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