Is the #CalExodus real? New research released today answers that question. @NatalieHolmes3, a research fellow at the California Policy Lab, used credit bureau data to see if, when, and where Californians have been moving since March 2020: bit.ly/CalExodus Thread (1/6) 
Finding 1: No, there is not a mass exodus of people leaving California. Of people who moved, about 80% moved to a new location in California, not out of the state. But, there are some nuances... bit.ly/CalExodus Thread (2/6 )
Finding 2: Historically in California, exit rates and entrance rates track each other, but that pattern was upended in Q4 2020, when 267,000 people left California, but only 128,000 moved into the state. (3/6) bit.ly/CalExodus
Finding 3: There have also been concerns about tax revenue impacts if wealthy people leave the state, but CPL found that patterns of people moving out of top 10% of wealthiest zip codes in California track moves in the other 90%. bit.ly/CalExodus (4/6)
Finding 4: While California isn't seeing a mass exodus, the Bay Area, especially San Francisco, is seeing a mini-exodus. From Q2 to Q4 2020, net exits increased 649%, from 5,200 to 38,800, as compared to Q2-Q4 2019. But, nearly 80% of SF movers stay in CA (5/6)
The full policy brief, an interactive table with data from Q4 2020 (see how your county is doing!), and press release are available on CPL's website bit.ly/CalExodus (6/6)
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