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Florida’s economy quoted from Wikipedia
Historically, Florida’s economy has been based primarily upon agricultural products such as cattle, sugar cane, citrus fruits, tomatoes, and strawberries.
Economic prosperity in the 1920s stimulated tourism to Florida and related development of hotels and resort communities. Combined with its sudden elevation in profile was the Florida land boom of the 1920s, which brought a brief period of intense land development. Devastating hurricanes in 1926 and 1928, followed by the Great Depression, brought that period to a halt. Florida’s economy did not fully recover until the military buildup for World War II.
In 1939, Florida was described as “still very largely an empty State. Subsequently, the growing availability of air conditioning, the climate, and a low cost of living made the state a haven. Migration from the Rust Belt and the Northeast sharply increased Florida’s population after 1945. In recent decades, more migrants have come for the jobs in a developing economy.
In 2011, Florida’s per capita personal income was $39,563, ranking 27th in the nation. In February 2011, the state’s unemployment rate was 11.5%. Florida is one of seven states that do not impose a personal income tax.
Florida’s constitution establishes a state minimum wage that is adjusted for inflation annually. As of January 1, 2017, Florida’s minimum wage was $5.08 for tipped positions, and $8.10 for non-tipped positions, which was higher than the federal rate of $7.25.
Florida has 4 cities in the top 25 cities in the U.S. with the most credit card debt. The state also had the second-highest credit card delinquency rate, with 1.45% of cardholders in the state more than 90 days delinquent on one or more credit cards.
There were 2.4 million Floridians living in poverty in 2008. 18.4% of children 18 and younger were living in poverty. Miami is the sixth poorest big city in the United States. In 2010, over 2.5 million Floridians were on food stamps, up from 1.2 million in 2007. To qualify, Floridians must make less than 133% of the federal poverty level, which would be under $29,000 for a family of four.
How do we find our list of the Binary Options Brokers USA Florida?
Our research team has long looked at various sites that accept Florida traders and, after various legal, technical, financial, support and etc experiments, they prepared a list of the most suitable sites for sharing with binary options traders.
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