Why Are People Moving Away From Financial Centers?

In 2014, at least $20 billion in income will shift between U.S. states.

In terms of wealth, the $20 billion income shift equates to about $100 billion in wealth, or about 0.2 percent of total wealth held by individuals and nonprofit corporations in the United States.

Most would think the $100 billion is accounted for by looking at taxes, industry demand, and other economic/industry conditions.

Would you think wealth shifting has anything to do with an area being a financial center?

If so, would you guess individuals are moving their wealth to places with financial centers or away from financial centers?

Here's what the data look like, with blue counties seeing an increasing in wealth migration and orange counties seeing a decrease in wealth migration.

Financial...

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