Archive for September, 2016

 September 20th 2016 - Written by: Jeff Mitchell

Income Gains in New Mexico Lag the Nation

On September 16, the Census Bureau released results of its most recent Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC). The report received a great deal of attention[1] as it included evidence that real median household incomes increased 5.2% between 2014 and 2015. This was the first annual increase since 2007 and clearest evidence that the economic recovery has begun to benefit more than those at that the top of the income pyramid. How did New Mexico do? In New Mexico, median household income grew by 1.2%, from $44,837 to $45,382. Although an improvement in its own right, the state‚Äôs position relative to the rest of the country slipped. In 2014, median household income in the state was 83.5% of the national median, ranking 43rd of the 50 states. In 2015, incomes were 81.4% of the national median, 45th among all states. Poverty data followed a similar pattern…. View Full Post

  Uncategorized
  

UNM Bureau of Business and Economic Research • Onate Hall at The University of New Mexico
303 Girard Blvd. NE, Suite 116; Albuquerque, NM 87106 • 505.277.2216 Main • 505.277.6626 Data Bank