'It turns out high-income people are also fleeing the state — a new twist in the California exit. 'That should worry ruling liberal Democrats who love to tax wealthy people and spend their money, especially on social programs,' writes LATimesSkelton.
It turns out high-income people are also fleeing the state — a new twist in the California exit.
California is still by far the most populous state, with an estimated 39 million people last year, according to the U.S. Census Bureau. But Texas was gaining with 30 million.century, when California’s population was about 34 million, we were predicted to reach 45 million by 2020 and 59 million by 2040. So much for that. We hit a peak of 39.6 million in 2019 and have been losing population ever since.
“Most striking, California is now losing higher-income households as well as middle-and-lower-income households,”The outward migration “has the power to reshape the state,” the PPIC asserted, adding that “the state is no longer a significant draw for people from other states of any age, education or income.”
We all know one reason for high housing costs: Demand exceeds supply. We’re building only one-third of the houses that we did 60 years ago, when the population was less than half of what it is today, said Dan Dunmoyer, president of the California Building Industry Assn.
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