1 00:00:00,080 --> 00:00:03,080 Speaker 1: At Stifle, we believe investment advice is about more than 2 00:00:03,080 --> 00:00:06,280 Speaker 1: helping you manage your wealth. Our investment advice is about you. 3 00:00:06,720 --> 00:00:09,880 Speaker 1: It's about realizing your dreams may become a reality because 4 00:00:09,920 --> 00:00:12,880 Speaker 1: you have a plan. We believe in you find your 5 00:00:12,880 --> 00:00:15,720 Speaker 1: new Stifle financial advisor at stifle dot com. That's s 6 00:00:15,760 --> 00:00:18,480 Speaker 1: T I F E L Steph Nicholas and Company Incorporated 7 00:00:18,520 --> 00:00:20,040 Speaker 1: member s I P C and n Y S E. 8 00:00:20,520 --> 00:00:24,000 Speaker 1: State of New York is hemorrhaging rich millennials. According to 9 00:00:24,040 --> 00:00:26,920 Speaker 1: a new study, more high earning young people are packing 10 00:00:27,000 --> 00:00:29,560 Speaker 1: up and getting out of New York than any other state. 11 00:00:30,240 --> 00:00:34,760 Speaker 1: One destination is California's high paying tech industry, but states 12 00:00:34,800 --> 00:00:39,400 Speaker 1: with low or no income taxes like Florida, Texas washing 13 00:00:39,440 --> 00:00:43,159 Speaker 1: the state in Colorado, they're also attracting rich millennials. They 14 00:00:43,200 --> 00:00:46,880 Speaker 1: figured out that keeping more of what they earn isn't selfish, 15 00:00:47,159 --> 00:00:51,040 Speaker 1: it's smart, and it's good Now. Fiscal observers say the 16 00:00:51,120 --> 00:00:55,240 Speaker 1: overflow of these wealthy millennials could have dire consequences for 17 00:00:55,280 --> 00:00:58,560 Speaker 1: New York because they pay the lion's share of taxes 18 00:00:59,000 --> 00:01:01,880 Speaker 1: the state depends is on their revenue. Now, will the 19 00:01:01,920 --> 00:01:04,919 Speaker 1: liberals who run New York change their tax and spend 20 00:01:04,959 --> 00:01:08,960 Speaker 1: ways to try to keep the millennials from leaving No way. 21 00:01:09,720 --> 00:01:12,240 Speaker 1: I'm a fiscal observer too, and here's what I've noticed. 22 00:01:12,720 --> 00:01:15,640 Speaker 1: Just a few years back, the news was about how 23 00:01:15,760 --> 00:01:18,640 Speaker 1: desperate millennials were. They were living with mom and dad, 24 00:01:18,680 --> 00:01:21,679 Speaker 1: they couldn't find jobs. They were convinced they'd be the 25 00:01:21,680 --> 00:01:25,040 Speaker 1: first generation not to experience the American dream. Climate change, 26 00:01:25,040 --> 00:01:28,199 Speaker 1: They're gonna wipe them out the Obama years. Now we're 27 00:01:28,200 --> 00:01:32,679 Speaker 1: getting stories about how rich they are in the Trump years, 28 00:01:33,640 --> 00:01:38,000 Speaker 1: what a difference one election can make. Are they smart 29 00:01:38,120 --> 00:01:41,240 Speaker 1: enough to realize what happened to them? These rich millennials, 30 00:01:41,280 --> 00:01:41,560 Speaker 1: I mean