Miami ’s status as the favorite American city for the ultrawealthy is pushing out its middle class

Meet Miami’s newest vice: greed. As rich households take root in the Sunshine State, locals have started to scramble. The influx of wealthy transplants creates a ripple effect that dampens a major appeal of the state in the first place, its affordability. Florida and its coastal city, Miami,…#miami #sunshinestate #florida #pitbull #miamidadecountys #federalreservebank #stlouis #henleypartners #newworkwealth #floridians

Source: Reuters: Health - August 3, 2023 Category: Consumer Health News Source Type: news