It seems some years California's budget is a big problem much talked about. Then they raise taxes higher and the state finds they have more money. Helps too that California received a lot of government stimulus money.
I was reading the other day that California does have problems though. High taxes and high costs have been driving the younger people out of the bear state. I was surprised to read that California is now close to having a population as old as Florida.
Living in Florida myself, I like to joke that I live in geezer land, the mecca of retirement folks,. It appears that California is soon to take the lead of being populated with a large number of elderly. Not that many people move to retire in California though due to its high costs. Instead the younger people are leaving.
The article I read can be seen here ~
California is Leaving
No children, no middle class, and no future.
https://www.frontpagemag.com/fpm/2021/05/california-leaving-daniel-greenfield/
excerpt:
For the first time in its history, California lost a House seat. California Democrats are resorting to conspiracy theories about President Trump and the census, but these are the numbers they got after spending $187 million on outreach and after rigging the census to make sure illegal aliens would continue to participate. And those are far better numbers than California deserves.
The decline and fall is not a surprising development out here where moving trucks are a frequent sight and everyone knows a family that is moving.
I know three of them in under two years.
The population numbers only tell part of the story of a big state that is rapidly losing its future.
California’s fastest growing population is senior citizens. By 2030, every
1 in 3 Californians will be over the age of 50. The over 60 population will increase by 166 percent by 2060 going from 5.5 million to 13.5 million. Hotel California is rapidly becoming a retirement community.
By 2030, California will have a higher percentage elderly population than Florida.
In 1970, the median age of Californians was 27 years old. Jerry Brown became the state's youngest governor of the century. When he next ran for office, he became its oldest governor at the age of 72. California’s median age is now 38. And it’s only headed north from there.
By 2050, a third of LA will be over 65 and by 2060, the median age in LA will be 48.
California’s elderly population is increasing faster than any other age group. While the young population will remain flat, the middle aged population will only increase by a fifth, even as the elderly population more than doubles. These numbers paint a portrait of a state with no growth.
The state’s birth rate fell 10% just last year. A one month comparison actually
showed a drop of 23%. While the pandemic suppressed birth rates, the numbers had been dropping in California long before anyone had ever heard of Wuhan. Two years ago it hit the lowest level in a century down to
half of the state’s 1990 birth rate. In the last decade, California’s birth rate dropped twice as much as the national average defying its own demographic destiny.
The news is much worse than these numbers make it look.
States with a large older population are often more conservative, but that’s less likely to happen to California. The fastest growth among its older population isn’t among white people, but the large Hispanic population that fundamentally altered the state’s demographics and politics.
A generation of cheap labor is coming of age. Its members are a lot less likely to leave the state than white seniors. As a Calmatters fellow
noted, “older Californians are actually more likely to be immigrants than younger Californians”. They’re also more likely to be lower income.
These estimates are just projections of the future. They show trend lines rather than the escalating consequences of a state that is becoming increasingly unlivable.
California’s golden years were fueled by new industries and cheap land. The land isn’t cheap and the industries are pricing themselves out of the youth population they used to attract. Millennials have been moving out of New York and California in large numbers, and heading to Texas, Nevada, and Arizona. Industries will be forced to follow their potential workforce......