"Rising Trend: Americans Seek Second Passports and Residency in Wealthy Sun Belt Cities and Abroad"

According to a recent report by Henley & Partners, Austin, Texas, has seen the highest growth rate of millionaire residents in the US over the past decade, followed by Scottsdale, Arizona, and Palm Beach/West Palm Beach, Florida. While traditional hubs like New York and Los Angeles have experienced modest declines in millionaire populations, cities such as Austin, Miami, and Scottsdale are gaining residents, indicating a shift in wealth distribution within the country.