Puerto Rican tax breaks are luring wealthy newcomers. A millennial says that's bad news for members of her generation with dreams of careers and homeownership.

Thu, 03/28/2024 - 06:03

Tech Insider

Economy

• Puerto Rico is becoming a popular destination for mainland Americans seeking tax breaks.
• However, an influx of wealth is driving up housing costs.
• Young Puerto Rican professionals are being forced to seek opportunities abroad.

Finding good jobs and affordable housing is often a challenge for young Americans living in the 50 states, and that issue is stretching to Puerto Rico.

Tags

economy, finance, puerto-rico, tax-incentives, housing-market, cost-of-living

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Puerto Rican tax breaks are luring wealthy newcomers. A millennial says that's …