California enrolls a much larger share of students in community college than other states; ensuring more of these students transfer to four-year institutions can strengthen the economic security of California workers. This transfer role is especially important for low-income students, first-generation college students, and students from underrepresented groups, all of whom are more likely to start their higher education journey in a community college. As Californians face financial disruptions from the COVID-19 crisis, more students may choose a transfer path through community colleges to defray the costs of higher education. Transfers open the door to bachelor's degrees for a more diverse population of students and ensure higher education still serves as a ladder for economic mobility. The community college system is directing attention and resources at improving student pathways through community college and into four-year colleges. This study examines trends in transfer, describes current reforms, and sheds light on what can be expected if recent reforms prove successful. To further improve the transfer pathway, the California Community Colleges (CCC) and four-year institutions must build system-wide agreements and help all transfer-eligible students make the transition. The Associate Degree to Transfer (ADT) and Transfer Admission Guarantee (TAG) are steps in the right direction, but they are piecemeal and far from universal. To advance the economic well-being of all Californians, the state and higher education institutions must work together to ensure that more students can attain a bachelor's degree--and all the benefits that it brings--if they choose the transfer path. [For the technical appendices, see ED608005.]