It's no secret that people are moving around the United States a lot lately. Ever since the rapid increase in housing prices and the rapid decrease in employment since the pandemic, people have been searching for more affordable places to go.
In 2016, New Jersey enacted a gas tax increase of 23 cents per gallon, and there have been rumors of more tax increases to come. So it's no surprise that people are moving out of New Jersey in droves.
The state has been struggling to pay its bills for years, and things came to a head in 2017 when the state's credit rating was downgraded to “junk” status.
Like Illinois and New Jersey, Connecticut is also facing some serious financial difficulties. The state has a huge budget deficit, and it's been raising taxes to try to close the gap.
One reason for this is the high cost of living in California. housing costs have skyrocketed in recent years, and many people are being priced out of the market.