Where to move if you want to get richer - GoFuckYourself.com

Barefootsies · 05-10-2012, 07:25 AM

Odd. I would have thought Pacific Northwest, San Jose, San Fran would be on the list.

Quote:

Reaching for the American dream? Your best chances are probably in New York, New Jersey or Maryland.

Those states are best at helping Americans move up the income ladder, both in absolute terms and relative to their peers, according to a groundbreaking new study from the Economic Mobility Project at the Pew Center on the States.
Generally speaking, states in New England and the mid-Atlantic had the most upwardly mobile residents, whereas states in the South had the least mobile populations.
The study, which appears to be the first to try to measure economic mobility at the state level, looked at the incomes of Americans in each state over a 10-year period using data from the Census Bureau and the Social Security Administration. Researchers tracked a group of nationally representative Americans who were age 35 to 39 at any point from 1978 to 1997.

They then examined how each individual?s earnings had changed exactly one decade after the initial income number was collected.

Across the country, the income of the typical American rose by about 17 percent in inflation-adjusted terms during that time. There was great variation among the states, though.

In a handful of states, including New York, Utah and Massachusetts, residents? incomes rose at least 20 percent over the course of a decade. On the other hand, in Alabama and South Carolina, average incomes rose only 12 percent after adjusting for inflation.
The study, by Erin Currier and Diana Elliott, also considered whether people were able to move up the income ladder relative to their peers ? that is, how common is the modern-day Horatio Alger hero, the upstart who displaces people who are more privileged?

To measure this ?relative upward mobility,? the authors focused on people in the bottom half of the income distribution and tracked whether those individuals were able to move up at least 10 percentiles.

For example, a person who started out in the 20th percentile would have to climb to at least the 30th percentile after a decade in order to be considered ?upwardly mobile? in this study.

Across the country, about a third of Americans who started in the bottom half in income were able to move up that much.

At the more upwardly mobile end, in Connecticut, 40 percent of the state?s residents who started in the bottom half moved up at least 10 percentiles over the course of a decade.

At the other extreme, in North and South Carolina only about a quarter ? 26 percent ? of people who started at the bottom were able to lift themselves up that much.
The report had similar measures looking at downward mobility ? that is, whether people in the top half of the income distribution dropped by at least 10 percentiles over the course of a decade.

Using all three metrics together ? absolute income gains, relative upward mobility and relative downward mobility ? the researchers determined that New York, New Jersey and Maryland performed best in the country. They were, in fact, the only three states that outperformed the country as a whole on all three measures.

Louisiana, Oklahoma and South Carolina were the only states that performed worse than the rest of the country on all three measures.

The states with more upwardly mobile populations were more likely to be liberal-leaning states, and those with more stagnant populations were more likely to be conservative-leaning states. But it is not clear if that correlation is causal; the report does not explain how public policy or other factors may have affected people?s chances of evolving from rags to riches.

?It was beyond the scope of the study to look at why states performed the way they did,? Ms. Currier said. ?What I can say is that our previous research has found some particular drivers of economic mobility at the individual level, including education, savings and assets, and neighborhood poverty during childhood.?

The researchers found at least one other factor that correlated with higher income mobility: the willingness to move to another state. People who moved to another state were more likely to get a big income increase, presumably because higher-income opportunities were part of the reason for migrating in the first place.

The report did not find that high turnover ? having a lot of people move in, or a lot of people move out ? affected how states performed.

?We thought there might be some sort of a brain drain effect, that maybe the best and the brightest move out,? Ms. Currier said. ?Our sample ? and other data ? showed that in general people are unlikely to move out of birth state. As a result, the aggregate level of moving out or moving in or staying put didn?t actually affect any state as whole.?

FULL STORY

jimmycooper · 05-10-2012, 07:41 AM

Quote:

Originally Posted by Barefootsies

Odd. I would have thought Pacific Northwest, San Jose, San Fran would be on the list.

FULL STORY

Interesting story but it fails to account for the cost of living variable. When I left my job, my salary technically put me in the top 6 or 7% of the country but I still felt poor.

AsianDivaGirlsWebDude · 05-10-2012, 01:24 PM

Quote:

Originally Posted by Barefootsies

Odd. I would have thought Pacific Northwest, San Jose, San Fran would be on the list.

There is no money in Silicon Valley...

Venture Capital by Region

ADG

Just Alex · 05-10-2012, 01:24 PM

Quote:

Originally Posted by jimmycooper

Interesting story but it fails to account for the cost of living variable. When I left my job, my salary technically put me in the top 6 or 7% of the country but I still felt poor.

And thats why you went on to make big bucks selling $4 hard links and $5 blog posts.

lazycash · 05-10-2012, 01:39 PM

My first thought was to move somewhere where the cost of living was greatly reduced while maintaining your current online income.

Barefootsies · 05-10-2012, 02:08 PM

Quote:

Originally Posted by lazycash

My first thought was to move somewhere where the cost of living was greatly reduced while maintaining your current online income.

That would also be one school of thought grasshopper.

People living where the cost of living is high would obviously benefit immediately.

johnnyloadproductions · 05-10-2012, 02:12 PM

I always figure too that even if it costs more, the quality of life is very important to how productive one is at work.

Supz · 05-10-2012, 02:24 PM

Nothing can beat NY.

Barefootsies · 05-10-2012, 03:38 PM

Quote:

Originally Posted by Supz

Nothing can beat NY.

Wet your finger tips, and dial up your nips.

VenusBlogger · 05-10-2012, 03:44 PM

You need to move into MAINSTREAM if you want to make money...

I still don't understand why some webmasters keep fighting with adult when their income is shrinking, year after year... I really don't get it why they dont move into mainstream, seriously. I ask this honestly, im not spamming any ref links or anything to get any interest in it.

Some even do e-whoring or some nasty things to balance their monthly profit...

Its just a thing of curiosity, I see so many webmasters fighting hard to survive, when they could be making a decent living somewhere else and don't be a slave of a decadent business.

Just my two cents...

epitome · 05-10-2012, 04:40 PM

Quote:

Originally Posted by VenusBlogger

You need to move into MAINSTREAM if you want to make money...

I still don't understand why some webmasters keep fighting with adult when their income is shrinking, year after year... I really don't get it why they dont move into mainstream, seriously. I ask this honestly, im not spamming any ref links or anything to get any interest in it.

Some even do e-whoring or some nasty things to balance their monthly profit...

Its just a thing of curiosity, I see so many webmasters fighting hard to survive, when they could be making a decent living somewhere else and don't be a slave of a decadent business.

Just my two cents...

There are plenty of people that would beg to differ.

Go on the mainstream forums and there are plenty of people struggling there.

Nobody says "I can't figure this out, I'm quitting." They always have an excuse for failing.

SpeedoDave · 05-10-2012, 04:57 PM

I'm with you JimmyCooper - cost of living is the big different.

I just moved from Australia to the US west coast and my living costs are US$500 a week cheaper without doing anything different.

Dave

Paul Markham · 05-11-2012, 12:27 AM

Czech Republic

You won't get richer, just seems like it.

grumpy · 05-11-2012, 04:00 AM

marketing and marketing. Nice report for nyc

Barefootsies · 05-11-2012, 04:58 AM

Quote:

Originally Posted by Paul Markham

Czech Republic

You won't get richer, just seems like it.

jimmycooper · 05-11-2012, 08:17 AM

Quote:

Originally Posted by Supz

Nothing can beat NY.

So true. I really thought that I was done with the city after 12 or so years so I moved to Austin, which is where I went to college. Cost of living was a lot less but it was just boring as fuck so I ended up moving back within six months. The only other US/Canadian city where I would even consider living is Montreal.

Herb Kornfield · 05-11-2012, 09:57 AM

Really, it depends on how you wish to live more than location.

You can do quite a lot on a little when you really try

Tom_PM · 05-11-2012, 10:11 AM

I'm willing to relocate for a job. Be it on the good list or the bad list isn't going to matter if someone is hiring in-house only now is it?

I also think peoples motivations are vastly different. Might want great schools for your kids, or great night life for yourself, or quiet community if you're older. Nice nature, good weather, all kinds of considerations could trump $$ in some peoples minds.

Good info to know though. city-data.com always maintains lists of factors such as median income and so forth.

jimmycooper · 05-11-2012, 10:25 AM

Quote:

Originally Posted by JohnnyClips

Yea, I always though I would live in Manhattan but meh...it's just so dirty and grimey and loud and stinky.

Where do you live?

At the moment I live in Midtown East, which is easily the most boring neighborhood that which I've lived in Manhattan, but it's neither dirty nor grimy nor stinky. I've also lived in Hell's Kitchen, the West Village, and the East Village. Tribeca is probably my favorite neighborhood. Either that or the SW corner of Soho near Cafe Noir and Felix.

Rmagnus · 05-11-2012, 10:06 PM

go to the philippines...change your $$$ to philippines pesos and you'll be rich...

Spunky · 05-11-2012, 10:33 PM

I'd still live in Vancouver.

AliceInBondageLand · 05-12-2012, 12:35 PM

I don't plan on ever leaving the San Francisco Bay Area now that I've managed to carve out a little outpost for myself here.

05-10-2012, 01:39 PM	#5
lazycash Troll Patrol Industry Role: Join Date: Aug 2002 Location: Local Socal Posts: 15,214	My first thought was to move somewhere where the cost of living was greatly reduced while maintaining your current online income. __________________ "WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams.. Its crazy..." VenusBlogger

05-10-2012, 04:57 PM	#12
SpeedoDave Confirmed User Industry Role: Join Date: Sep 2003 Location: Aussie until we are convicts no more. Posts: 354	I'm with you JimmyCooper - cost of living is the big different. I just moved from Australia to the US west coast and my living costs are US$500 a week cheaper without doing anything different. Dave __________________ I feel old since I started SpeedoFetish.com back in 2001.

05-11-2012, 12:27 AM	#13
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Czech Republic You won't get richer, just seems like it. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

05-11-2012, 04:00 AM	#14
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	marketing and marketing. Nice report for nyc __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

05-11-2012, 10:11 AM	#18
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	I'm willing to relocate for a job. Be it on the good list or the bad list isn't going to matter if someone is hiring in-house only now is it? I also think peoples motivations are vastly different. Might want great schools for your kids, or great night life for yourself, or quiet community if you're older. Nice nature, good weather, all kinds of considerations could trump $$ in some peoples minds. Good info to know though. city-data.com always maintains lists of factors such as median income and so forth. __________________ 43-922-863 Shut up and play your guitar.

05-10-2012, 02:12 PM	#7
johnnyloadproductions Account Shutdown Industry Role: Join Date: Oct 2008 Location: Gone Posts: 3,611	I always figure too that even if it costs more, the quality of life is very important to how productive one is at work.

05-10-2012, 02:24 PM	#8
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	Nothing can beat NY.

05-10-2012, 03:44 PM	#10
VenusBlogger So Fucking Banned Industry Role: Join Date: Nov 2011 Posts: 1,540	You need to move into MAINSTREAM if you want to make money... I still don't understand why some webmasters keep fighting with adult when their income is shrinking, year after year... I really don't get it why they dont move into mainstream, seriously. I ask this honestly, im not spamming any ref links or anything to get any interest in it. Some even do e-whoring or some nasty things to balance their monthly profit... Its just a thing of curiosity, I see so many webmasters fighting hard to survive, when they could be making a decent living somewhere else and don't be a slave of a decadent business. Just my two cents...

05-11-2012, 09:57 AM	#17
Herb Kornfield Is on the 1 Industry Role: Join Date: Sep 2002 Location: Philly Burbs Posts: 4,996	Really, it depends on how you wish to live more than location. You can do quite a lot on a little when you really try

05-11-2012, 10:06 PM	#20
Rmagnus Confirmed User Industry Role: Join Date: Feb 2012 Posts: 749	go to the philippines...change your $$$ to philippines pesos and you'll be rich... __________________ Magnus Bucks - HD Japanese, Shemale, Gay and Straight Sites icq: 617-695-708

05-11-2012, 10:33 PM	#21
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,930	I'd still live in Vancouver. __________________ *YOUR INFORMATION HERE*

05-12-2012, 12:35 PM	#22
AliceInBondageLand Confirmed User Industry Role: Join Date: Apr 2012 Location: San Francisco, CA, USA Posts: 161	I don't plan on ever leaving the San Francisco Bay Area now that I've managed to carve out a little outpost for myself here.