California is circling the drain, economy wise.
The entire state and local debt is about $1.3 trillion.
https://californiapolicycenter...totals-1-3-trillion/
The state's credit rating is the third worst. While it has 12 percent of the total country's population, it has one-third of the nation's homeless and welfare cases.
With so many of its city and county pension funds severely underfunded, its not going to be pleasant to be old there.