If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
A new ad campaign by the Badger State digs into millennials’ growing disillusion with the Land of Lincoln.
Illinois’ exodus of people and money is the state’s most pressing policy problem. Until lawmakers get serious about addressing its causes, there’s little reason to think the trend will change.
Illinois lost as many as 37,000 millennials on net every year from 2011 through 2014 for a total net loss of as many as 148,000 millennials.
Illinois loses more millennial taxpayers and dependents to other states than any state except New York.
Illinois lost 195,000 more college-bound students than it gained from 2000-2014.
Illinois lost more millennial college students than any other state except New Jersey between 2000 and 2014, and Illinois’ loss of young people appears to be accelerating.
Millennial out-migration from the Land of Lincoln is worse than all its neighboring states.
Illinois’ out-migration of younger workers should concern lawmakers and urge them to pass pro-growth reforms.
An increasing number of younger adults are making up the exodus of taxpayers from the state.
Most millennials don’t trust Social Security, according to a spring 2014 survey from Reason-Rupe: The report found that: “Fifty-three percent of millennials say Social Security is ‘unlikely’ to exist when they are 67 years old, while 45 percent say it probably will remain. But if it does exist at that time, even fewer millennials believe...