The ‘young and rich’ are moving to Texas, study says

AUSTIN (KXAN) — Data collected from the Internal Revenue Service showed Texas as a top destination for many affluent young people, according to a recent study.

SmartAsset, a financial technology company, said it used the IRS data to rank states by the net inflow of young and rich households, which it classified as those aged 26 to 35 and earning at least $200,000.

Texas short on housing: What a new study says about local challenges

The company said reasons...