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Wednesday, March 4, 2026

Millionaires Have Flocked to Miami—but They Have Pushed Out Locals, Including Thousands of 20-somethings

It’s no secret that Miami has become a magnet for millionaires over the past 10 years, outperforming every other major U.S. metro except California’s San Francisco Bay Area—but this influx of wealth has come at a steep cost to the Florida city’s working-class residents. Miami-Dade County saw a net …

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