Ranks of Rich Americans Exploded During the 2010s: Muni-Wise
- Tax filers with $200,000-plus gross income doubled in decade
- It’s bad when a city is less economically diverse: professor
U.S. dollar banknotes are stacked at an exchange bank.
Photographer: SeongJoon Cho/Bloomberg
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The rich are on the move, or so they say.
And when this herd moves, it produces dislocation. Everyone else better get out of the way, especially in terms of schools and real estate. There are waiting lists for private schools near Florida’s Palm Beach, and, as the Washington Post headlined last week, “On Martha’s Vineyard, Even the Doctors Can’t Afford Housing Anymore.”