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Why wealthy people leaving California is bad economic news

New migration data show that for several years, thousands more high-earning, well-educated workers have left California than have moved in.

United statesLoyola marymount universityLos angelesChapman universityElon muskSoo jin yangWilliam freyJoshua rauhSung won sohnMark zandiBrian uhlerTodd litmanJoel kotkinLas vegasEric mcgheeMark wahlberg

High earners exiting California | The Arkansas Democrat-Gazette - Arkansas Best News Source

Even though California has experienced lopsided out-migration for decades, the financial blow has been cushioned by the kinds of people moving into the state: The newcomers were generally better educated and earned more money than those who left.

United statesSan francisco bayChapman universityEric mcgheeJoel kotkinWilliam freyElon muskMark zandiLas vegasBrian uhlerLos angelesMark wahlbergJoshua rauhSoo jin yangTodd litmanCalifornia legislative analyst office

The California Out-Migration Is Predictably Straining the Budget

The California Out-Migration Is Predictably Straining the Budget
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United statesSan francisco bayChapman universityJoel kotkinLas vegasSoo jin yangCensus bureauSan francisco bay areaEast bay

California Out-Migration Is Predictably Straining the Budget

California is, without a doubt, one of the most naturally blessed places in the world. The idea of the American Dream was invented there, and during the 50s and 60s, it became the embodiment of Americ.

New yorkUnited statesChapman universityLos angelesSan franciscoSan francisco bayLas vegasJoel kotkinSoo jin yangRhonda rhoades newwaveingenueLos angeles timesCensus bureauAmerican dreamYork cityRhonda rhoadesSan francisco bay area

Rich people are leaving California That s bad for the economy

In a reversal from past decades, more college graduates and professionals are moving out of California than coming into it to escape the higher taxes and cost of living.

United statesSan francisco bayChapman universityLoyola marymount universityLuis villegasSung won sohnRobert gauthier los angelesElon muskJoel kotkinEric mcgheeWilliam freyTodd litmanBrian uhlerLas vegasGavin newsomLos angeles