Minnesota lost $922.4 million in 2019 due to migration, study finds

[Geee]

The Center Square

The collective wealth of Minnesota residents decreased $922.4 million in 2019 due to population migration trends, according to a new analysis of Internal Revenue Service data by the nonprofit Wirepoints website. 

Overall, Minnesota lost 4,497 people that year, according to Wirepoints. The study looked at how shifting population numbers among the states led to changes in the overall adjusted gross income of each state’s population.

The performance of Minnesota in the analysis was the 12th worst among the lower 48 states, the authors said.

 

For those states attracting the most people and wealth, the result was economic growth and investment, as well as an expanding tax base. Those states suffering from migration outflows, however, experienced difficulties in paying down public debts as well as higher taxation, according to the study. 

[Valin]

@Geee

But at least 10's of 1,000's of bodies aren't piling  up on  the streets! Thank goodness for our brave leaders, who protected us from the 21st century Bubonic Plague.