[jxzz]

Originally Posted by SteveM85

If you are doing 65-70 on I95 in Fairfield County, you are not blocking lanes, you're throwing a party and celebrating.

I know where you are coming from, Fairfield county is in different world compared to rest of state. I was talking about new Haven Harford counties, in off peak hours.

[SteveM85]

Originally Posted by kidyankee764

Yeah, it’s well documented and has been pretty often cited on this forum that newer residents of the state earn a fraction of those leaving, while states like FL are seeing a sharp rise in income (and job growth).

a fraction? where can I find this documentation? are we required to provide income info as we come and go in the state? how do they know?

I'm not disputing it just curious. I could be a living example.
I make less than the guy I rent FROM here in CT, probably not a fraction though.
I also make less than the guy I rent out TO, in another state, and I mean waaay less, a fraction.

So it does make sense, but how do they know.

Hopefully they'll figure out the transporataion challenges in CT, its needed yesterday.

[kidyankee764]

Originally Posted by SteveM85

a fraction? where can I find this documentation? are we required to provide income info as we come and go in the state? how do they know?

I'm not disputing it just curious. I could be a living example.
I make less than the guy I rent FROM here in CT, probably not a fraction though.
I also make less than the guy I rent out TO, in another state, and I mean waaay less, a fraction.

So it does make sense, but how do they know.

Hopefully they'll figure out the transporataion challenges in CT, its needed yesterday.

It has been well cited and thoroughly discussed that new residents have 1/4 less income than those leaving.

[SteveM85]

Originally Posted by kidyankee764

It has been well cited and thoroughly discussed that new residents have 1/4 less income than those leaving.

Just because its been cited and thoroughly discussed here doesn't mean its gospel. Don't believe everything you read on the internet.
It may be right, I just don't know how they ofiicially track and cite such things.

[GeoffD]

Originally Posted by SteveM85

Just because its been cited and thoroughly discussed here doesn't mean its gospel. Don't believe everything you read on the internet.
It may be right, I just don't know how they ofiicially track and cite such things.

So the "fake news" rebuttal?


I'd speculate that the replacement income shift is largely caused by retiring Boomers. They're at their peak earnings when they retire. The younger replacements moving in earn less.

[SteveM85]

Originally Posted by GeoffD

So the "fake news" rebuttal?


I'd speculate that the replacement income shift is largely caused by retiring Boomers. They're at their peak earnings when they retire. The younger replacements moving in earn less.

Just like the other states in the Salt Belt, sure.
So really no issues with CT out of the ordinary.

[Beeker2211]

Originally Posted by GeoffD

I'd speculate that the replacement income shift is largely caused by retiring Boomers. They're at their peak earnings when they retire. The younger replacements moving in earn less.

Also pretty much what the ACS is suggesting. But it's interesting that there's a nationwide issue of younger workers being behind in relative terms of career and salary to where other generations were at that point in life. Younger people making less than soon to be retirees isn't new, or unique to CT.

[GeoffD]

Originally Posted by SteveM85

Just like the other states in the Salt Belt, sure.
So really no issues with CT out of the ordinary.

I think you have Connecticut in the wrong bucket. Salt Belt includes a huge chunk of economic distress. It is better to put Connecticut in the Northeast Corridor bucket. The massively affluent Atlantic Coast region that combines with the West Coast to drive the national economy. High education levels. Intellectual property creation. The top three per capita GDP states are Massachusetts, New York, and Connecticut. The three states have the same basic problem. Social spending on the bottom-20% is chewing them alive. Soaring Medicaid costs will make the problem worse. Aging Boomers who are out of money and land in nursing homes funded by Medicaid makes for really ugly state finances. That makes funding infrastructure improvements even more challenging.

[SteveM85]

Originally Posted by GeoffD

I think you have Connecticut in the wrong bucket. Salt Belt includes a huge chunk of economic distress. It is better to put Connecticut in the Northeast Corridor bucket. The massively affluent Atlantic Coast region that combines with the West Coast to drive the national economy. High education levels. Intellectual property creation. The top three per capita GDP states are Massachusetts, New York, and Connecticut. The three states have the same basic problem. Social spending on the bottom-20% is chewing them alive. Soaring Medicaid costs will make the problem worse. Aging Boomers who are out of money and land in nursing homes funded by Medicaid makes for really ugly state finances. That makes funding infrastructure improvements even more challenging.

That's the Rust Belt and you're absolutely right.
Salt belt just refers to winter weather states (salt the road with snow or ice)

[kidyankee764]

Originally Posted by SteveM85

Just because its been cited and thoroughly discussed here doesn't mean its gospel. Don't believe everything you read on the internet.
It may be right, I just don't know how they ofiicially track and cite such things.

You asked for a source. It’s hard to dispute actual numbers, especially when numerous sources display it.

“Connecticut lost the equivalent of 1.6% of its annual adjusted gross income, as the people who moved out of the Constitution State had an average income of $122,000, which was 26% higher than those migrating in. Moreover, “leavers” outnumbered “stayers” by a five-to-four margin.“

https://www.google.com/amp/s/www.blo...lorida-profits