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Fortune

Preston Fore

Gen Z is chasing the American Dream in South Carolina, Missouri, and Tennessee—as California loses thousands of young adults and billionaires

Gen Z California Larry Page Peter Thiel Texas Barbara Corcoran Scott Galloway Missouri South Carolina

Two young people hold moving boxes in an apartment (Credit: Dejan Marjanovic—Getty Images)

As ultrawealthy tech founders like Larry Page, Peter Thiel, and Travis Kalanick flee California amid opposition to its proposed billionaire tax, a new report indicates Gen Z is also leaving the Golden State in droves.

California recorded the nation’s largest net loss of Gen Z adults in 2024, shedding roughly 58,109 young adults, according to a new LendingTree report analyzing the latest available Census data.

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