Four of the top five fastest income and job growing counties are suburbs of Washington D.C.. Anybody want to venture a guess why?
Forbes has an article this morning listing the "5 Best Places to Get Ahead" in the U.S.. They decided this by figuring together both recent income and job growth in the respective cities while excluding any cities with median incomes below $75,000 (pretty steep in my mind).
Anyways, though they didn't comment on it really, I found it very telling that four of the top five best places to get ahead were in the Washington D.C. metro area.
Stafford County, VA., Calvert County, MA., Loudoun County, VA., and Charles County, MA.. are the four in that order.
When you have a $3 trillion federal budget running through Washington it's inevitable that a lot of government employees, contractors and lobbyists will benefit handsomely from that largess. But it runs contrary to common sense that it would be booming while the rest of the country is in an economic slowdown.
Keep that in mind next time you hear politicians discussing rolling back the across the board tax cuts now in place.
Thursday, March 13, 2008
Mr. Smith's Money Goes to Washington (and suburbs)
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