Although finances were not EP’s primary reason for moving, I can definitely understand the lure of other locations for many, because, as mentioned, it’s definitely true that CA is an expensive place to live.
Per recent stats, among those deciding to stay, and especially among younger people, about 60% are living paycheck-to-paycheck, even among high wage earners, with credit card debt higher than in many decades, and little hope of ever owning a home in the Golden State without family or other support.
Hopefully, those who can’t afford to stay won’t roll the dice in CA too long, allowing rent and other expenses to erode their earnings, because that doesn’t bode well for an early, or stable retirement.
