Looking for some recession relief sometime soon? Try moving to Texas or Alabama (and be sure to avoid Michigan and California).
This advice comes courtesy of Forbes's Best and Worst Cities for Recession Recovery list, a regional analysis of employment and real estate data that projects which places will do well, and not so well, in the months to come.
Hot spots such as Austin-Round Rock, Texas, home to Dell (Stock Quote: DELL), and Huntsville, Ala., a big NASA hub, are seen as well poised to grow economically in the next year, especially in the area of technology. Meanwhile Flint, Mich., and Detroit have a long road before these auto-heavy areas return to prominence (if ever). California dreams of sweet real estate deals have all but faded, too, leaving locales such as Fresno, Modesto, Salinas, Bakersfield, Stockton and even Los Angeles all at the bottom looking up, according to Forbes.
The findings should come as little surprise to MainStreet readers: California already ranks dead last on our exclusive national financial happiness index, which analyzes household income, debt, employment and foreclosures. On our list, Texas is poised to break into the top ten.
Our complete ranking of the happiest and most challenging states to live in, at least from a pocketbook perspective, is always being updated on MainStreet. Find out where your state is at now.
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