I’ll try again somewhere. New York too expensive for millionaires increasingly going elsewhere.
“The governor and mayor don’t want to talk much about highly paid people like bankers leaving New York,” said Alan Johnson, CEO of New York-based compensation consultancy Johnson Associates.
“There are many relocating — and if you see financial service firms expanding in future, it will be to Tampa, Fla., and Austin, Texas, and other places where it’s not as expensive to live as New York,” he added. “It’s showing up in the numbers.”