Wealthy Gen Zers are leaving California, new study says. Here's where they're moving

"Due to their age and income, they may be more prone to moving for economic and lifestyle opportunities than some older counterparts," SmartAsset managing editor Jaclyn DeJohn wrote in a Sept. 17 article.

"With a longer time frame for careers and investments in front of them, Gen Zers could potentially have a larger lifetime impact on their communities," DeJohn added.

California had a net loss of 52 high-earning Gen Z households, according to a SmartAsset study that analyzed IRS data from recent tax returns.

Californians earning over $200,000 represent only 0.53% of all wealthy households in the state, indicating a small but significant demographic.

Read at Sacramento Bee