The Bureau of Economic Analysis just released its 2022 report on personal income growth or declines for various States And there's a phenomenal analysis between where personal incomes are growing if you're in Tech or if you were in a lockdown State versus non-lockdown state. In other words, we're going back to the good old red versus blue analysis and I'll tell you the results of this piece are mind-blowing Now, the results of this Bureau of Economic Analysis piece were reported in the Wall Street Journal. The editorial board of the Wall Street Journal reviewed this information and I think they did a phenomenal job reviewing this information and so without further Ado Here are the insights. First of all, here are states with well, okay, on average.

This should be no surprise: States that were locked down in 2021 performed worse in 2022 than non-lockdown States This somewhat suggests that there is a lag between the pain that covid lockdowns caused between lockdown States and non-lockdown states in income. Now that's fascinating because look at the numbers. Okay, because this report is from 2022. here are the states with growing incomes: Idaho up 12.5 percent in growing incomes in 2022 Texas 11.5 Nevada 10.8 Florida 10.7 Arkansas 10.7 North Carolina 10.4 Tennessee 10.4 percent income growths These were states that were mostly free in 2021 and 2022 without lockdowns.

Now when you compare to states that were locked down in 2021, look at what happened to this those States incomes in 2022 a year later California Income not up Like the other states, all the other states I just listed were positive California's income down five percent lockdown state Maryland Another lockdown State down how much 5.5 percent Massachusetts Down 6.2 percent Hawaii Big Lockdown State Down 6.2 percent New York Down 6.7 percent The average income for a lockdown state was negative eight percent. So if you were in a lockdown State On average, your income fell eight percent because you were in a lockdown state in 2021.. if you were in a non-lockdown state, your average income was positive. That's and and by a large margin I mean consider this California Down five percent Texas was up positive and more than double that California down five percent Texas Up 11.5 floored up Ten Point Seven percent.

Huge disparity. Why is this happening? Well, some argue it's because of net migration out. You're seeing a net migration out of the blue States that had these substantial lockdowns and a migration into these uh, uh, these these states like Florida and Idaho and Texas And when you see population go up, net incomes tend to go up as well. This is based on the way the Bureau of Economic Analysis does their analysis.

so a lot of this could be attributed to migration. But clearly you're getting that migration. now. Some people say, well, wait a minute.

What about all the tech layoffs? Isn't it Tech Layoffs That could have led to some of this change. Well, first of all, a lot of these Tech layoffs have started happening in 2023, but let's look at it: spending and personal incomes in 2022. So the Bureau of Economic Analysis says that Nationwide Technology I.T Incomes climbed 6.2 percent in California and Maryland which were lockdown States I.T spending or I.T incomes declined in California I.T Incomes fell 3.5 in 2022, whereas a nationwide they grew 6.2 percent and in Florida Florida's I.T Tech Incomes grew three times the national average at 18.5 percent Texas grew 19.2 percent Idaho grew 26 and then you might say oh, well, at least people are going to California and spending more money on food and accommodations, right? Wait for it, folks. hate to burst the bubble of the failed Governor Newsom I'm allowed to say that that doesn't make me anti-democrat I Think that just makes me more realistic and reasonable I Remember you might not know this.

look I Think many of you already know I'm a licensed financial advisor, license, real estate broker I've got courses on building Ralph We've got. You know the prices go up on uh on April 12th links down below. you can see everything My active: ETF Everything at Meet Kevin.com I Ran against Governor Newsom for governor I Wanted to replace the failed governor of Governor Newsom in 2020 I Told him don't rely on this temporary money printing that's making it look like we have a surplus in California We will very quickly go to a negative budget because that Tech income is going to go down especially as people leave your state. Guess what ended up happening? Oh that incomes went down.

Now we're in a budget deficit now. You've got a Governor who's scrambling because all of his numbers are looking like trash. Homelessness is getting worse. There's even talk now about him potentially using the National Guard to build homeless shelters.

Holy crap. Whose idea was that in 2012, in 2020, mine in 2020. I'm like you idiots use the National Guard to actually do something in California That's not additional. The National Guard is it's not at all.

It's A It's a slam on the governor because they're not utilizing the strength and power of the National Guard It's A. It's just offensive that people are on the streets dying. Uh, it's disgusting. Anyway, don't get me started on California.

It just pisses me off I Live in California and I hate to see it Go trash. But anyway, listen to this. So food accommodations ready for this? Excuse me I I'm allergic to so I'm choking anyway Nationwide Food and accommodation incomes went up 15.5 percent in California They didn't even keep up with inflation only 7.1 percent. half half the increase of Nationwide Food and accommodations increases.

And you want to know something really potentially ironic: California is the state that sets minimum wages for food and hospitality industries. But guess what they're doing? They're driving those jobs out of the state. and now your incomes are only going up 7.1 percent in food and accommodations in California whereas Nationwide they're up 15.5 percent. and this is based on a federal report by the Bureau of Economic Analysis.

the Biden Administration leads the department you'd think they might show some favoritism to California Nope, they don't because you can't even cover up the bull crap that's happening in California It's sad it needs to change. You should watch. You know what I encourage you to do is uh and just just for Giggles If you're really interested and frustrated about California and politics, uh what I would do uh is I would go to I would type into YouTube meet Kevin Governor and uh, look at meet Kevin Paffrath his full plan for Governor of California Watch that it's pretty good. You can even scroll through it.

It's a fantastic plan. There's a 20-part plan that I posted and then there's the his full plan for governor I Believe the full plan is the revised one. Let me double check. The full plan was posted on Uh July 24, 2021 and then the 20-part plan I think was posted in May Yes, it was posted May 17th.

Yeah, yeah. so the 20 part one is the original one and it was revised to the full plan. But anyway, watch that and you'll see uh and and I think they're very common sense. Solutions But California's failing and the company or the companies the states that are winning hands down Texas and Florida Idaho Nevada Arkansas your non-lockdown States Pretty damning example here.

and this is just pure statistics. not trying to be political, but um, it is obviously political. but from an economic point of view, it's important also to look at for investing in real estate, right? I'm starting a real well. We've already started our real estate startup, but I have a real estate startup at Househack.com and we're paying attention to this specifically because of how it could affect real estate.

So uh, anyway, some insights on the disaster of California.