Texas is where billionaires go when they leave California (at least some of them).
Population is increasing so more people make the state into a bigger economy. But more importantly, measuring the state's economy per person reveals that "Texas is generating thousands of dollars more per resident than it did just three years ago."
"Economic output" rose from $64,000/year in 2021 to $71,000 in 2024. That means individuals produce more value and more income overall. Think GDP (Gross Domestic Product) for the whole state, divided by the number of people.
To generalize, families see their standard of living go up. Something is going right (photo of the governor).
from MSN
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