Californians may have just voted overwhelmingly for more of the same—boosting Democratic majorities in both chambers of the Legislature and replacing one Democratic governor with another for the first time since the 1880’s—but many are still eager for major changes to state policy. And a majority are downright pessimistic about California’s future.
Those results, which would seem at odds with recent indicators that paint a sunny macroeconomic picture for the state, come via a new survey from the Public Policy Institute of California.
Half of all respondents, and 60 percent of respondents identified as likely voters, predicted that children growing up today in California will face a bleaker financial future than their parents. That impending decline could arrive sooner than we think. Asked if California should expect an economic downturn in the next year, respondents were split. And like the state’s economic growth, that optimism was not evenly distributed: majorities of coastal city residents foresee good times ahead, while pessimism clustered in the Inland Empire and Central Valley.View Article