The recession has greatly impacted California, according to a report released by the IRS. Migration data is compiled based on year-to-year address changes people report on their tax returns. The Sacramento Bee looked at the numbers and determined that five million people left the state during 2004 and 2013.
With the number of new residents who moved into The Golden State, the net loss was just over one million. Texas got the most Californians, with an influx of about 600,000 new residents. Only about 350,000 people moved from Texas to California.
California took a huge hit with the recession when it comes to job losses, foreclosures, a reduction in consumer spending, and a collapse in business investment. California had (and still does have) the largest housing sector in the United States, and the largest sub-economy.