Gen Z is defying trends and betting on California—even as older Americans flee to the Sun Belt

What happened

Key facts

• California’s population has shrunk since 2020, but new U-Haul data ranks it Gen Z’s No.
• 2 destination, behind only Texas.
• Reported by Fortune and published Sun, 11 Oct 2026 10:06:00 UTC.

Why it matters

Economic releases and corporate results feed directly into rate expectations, currency moves and equity pricing, so the detail here often matters more to markets than the headline itself.

What to watch next

• Revisions to the initial figures once fuller data is released
• How rate expectations and index futures respond
• Guidance or commentary from the companies and policymakers involved

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