For most of its history, California has been a magnet for newcomers who were drawn to a state where the future always arrives first, with population growth literally reflecting a gold rush—until now.

In 2013, California's state finance department, which issues demographic reports every 10 years, predicted that the trajectory of population growth in the Golden State would look like a space launch in the next three decades: rocketing from 35M to nearly 53M by 2060.

The financial department issued its 2023 forecast this week—and the rocket launch has been canceled: the experts are projecting that California's population has plateaued at around 39.5M and will hover at that level until 2060.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.