One of my last posts of 2010, addressed the wealthiest living areas in the country.
Today, we go from macro to micro...so feast your eyes on America's most affluent neighborhoods.
Surprise, surprise... ain't it ya'll!?
Once upon a time selling equities in Dallas was akin to a military post in Antarctica for the average finance professional. Not so anymore. Times keep changing.
The tiny town of Westlake, Texas is the most fiscally exclusive domestic playground in the nation.
Imagine living in a place where the average annual income is $250,000.
Hard to fathom for a blue collar guy like me. The block I grew up on you would have to keep that sort of money buried...next to your own corpse if anybody caught wind of it.
Not surprisingly a Chicago, Boston and New York area suburban hideaway cracked the top 5, but shockingly (to me at least)...the number 3 spot went to Mission Hills, Kansas, home of former Royals legend George Brett.
I am tempted to say that this quick micro economic snapshot is indicative of a change in wealth distribution among the country's fiscal elites. I am also quite surprised by the lack of Newport Beach, California on this list.
What does this list say to you guys, if anything at all?
Are we seeing a slow but steady demographic changing of the guard in the ranks of America's wealthy?
Which will be the richest neighborhoods in the country come two decades from today?
With the impending doom presiding over their respective state budgets, I am tempted to say that California, Illinois and New York will have zero representatives in the top 5, within the next twenty years.
Who's with me? Why or why not?