Latest news with #WestIslip
Yahoo
3 days ago
- Business
- Yahoo
This middle-class New York town is experiencing a sudden wealth boom: Study shows surge of residents getting rich — quick
Households in Huntington, Long Island have seen a sizable boost to their incomes since COVID, a new study has revealed, putting the once middle-class town on a new rich list. Between 2020 and 2023, the median household income in the enclave surged by a whopping 22.8%, according to research conducted by GOBankingRates. The company analyzed income data from the US Census American Community Survey to determine the top 50 US towns where residents are building wealth the fastest. Huntington placed 16th on the list. Back in 2020, the median household income in Huntington was $131,989. In 2023, that figure had risen to $162,066. Meanwhile, the number of households making more than $200,000 in Huntington rose by an impressive 22.6% during the same four-year period— one of the highest percentages in the entire country. GOBankingRates didn't explain what, specifically, was behind Huntington's wealth boom. It was one of only three New York towns to make the top 50 list. West Islip and Plainview, both located on Long Island, came in 21st and 33rd place, respectively. The median household income in both of those nabes surged between 2020 and 2023, and is now inching toward $200,000 in both communities. Meanwhile, Summit, New Jersey was named by GOBanking Rates as the number one town where 'upper-class Americans are getting richer.' While the community has long been cashed-up, residents appear to be getting richer there at rates higher than anywhere else in the country. Between 2020 and 2023, the median household income in Summit soared by a staggering 39.4%, from $142,845 to $199,107, per the study. There was also a 23.6% increase in the number of households earning $200,000 or more. The GOBankingRates study revealed that California is the state with the most areas amassing wealth quickly. A whopping 20 of the top 50 towns on the list were located in the Golden State, proving it's still a place of upward mobility despite high taxes and astronomical property prices. Solve the daily Crossword
Forbes
3 days ago
- Politics
- Forbes
A Defiant George Santos Reports To Prison
WEST ISLIP, NEW YORK - AUGUST 19: Former U.S. Rep. George Santos gives a statement after a court ... More hearing on August 19, 2024 in West Islip, New York. Santos pleaded guilty to wire fraud and aggravated identity theft weeks before his federal trial was set to begin. His sentencing has been scheduled for February 7, and he faces more than six years in prison under federal sentencing guidelines. Santos owes at least $370,000 in restitution. He was expelled from Congress in 2023, becoming the sixth member in the chamber's history to be ousted by colleagues. (Photo by Michael M. Santiago/Getty Images) The short and disgraceful political career of former NY Congressman George Santos has officially ended with his reporting to prison on July 25th. Before he was even sworn in as a member of Congress, the media was filled with allegations that he had lied about his personal history while campaigning and had committed a variety of white-collar crimes unrelated to his campaign. Federal prosecutors initially charged him with seven counts of wire fraud, three counts of money laundering, one count of theft of public funds and two counts of making materially false statements to the House of Representatives in 2023, but five months later, after further investigation, one count of conspiracy to commit offenses against the United States, two counts of wire fraud, two counts of materially making false statements to the Federal Election Commission, two counts of falsifying records submitted to obstruct the Federal Election Commission, two counts of aggravated identity theft and one count of access device fraud were added to the charges against him. Meanwhile Congress did its own investigation of the crimes alleged to have been committed by Santos and on November 17, 2023 issued its report concluding that Santos had knowingly violated federal laws including campaign finance laws and had misused campaign funds for his personal benefit including Botox treatments. Less than a month later, on December 1, 2023 the House of Representative voted to expel George Santos. Santos was only the sixth member of the House of Representatives to be expelled from office with three of those expulsions of congressmen who had supported and fought for the Confederacy during the Civil War. The vote to expel Santos was 311-114 with 112 Republicans voting against the expulsion and 105 Republicans voting to expel. Facing sentences of more than twenty years on just the money laundering charge, Santos' attorneys negotiated a plea bargain by which Santos pleaded guilty to just two charges, wire fraud and aggravated identity theft. Santos was sentenced on April 25, 2025 to the maximum sentence under the sentencing guidelines of 87 months, which he began serving on July 25th. However, George Santos showed no remorse and did not go quietly off to prison in the days prior to his starting his sentence. He posted a series of tweets on X and posted videos on the video sharing platform Cameo that allows fans to purchase personalized messages from celebrities, athletes, influencers and others right up until the day of his surrender, charging a minimum of $300 for each video. Most fittingly, his final tweet was done almost thirty years to the day that the movie Clueless was released. In the tweet he said: 'Well darlings… The curtain falls, the spotlight dims and the rhinestones are packed. From the halls of Congress to the chaos of cable news what a ride it's been! Was it messy? Always. Glamorous? Occasionally. Honest? I tried… most days. To my supporters: You made this wild political cabaret worth it. To my critics: Thanks for the free press. I may be leaving the stage (for now), but trust me legends never truly exit. Forever fabulously yours, George
