White House touts income growth, poverty decreases in NM

The White House celebrated the increase of income growth and health insurance coverage along with a decrease of poverty in New Mexico between 2014 and 2015. “New Mexico has added jobs consistently and brought its unemployment rate down, though it’s still a little higher than the national average,” White House Council of Economic Advisers chairman […]

White House touts income growth, poverty decreases in NM

The White House celebrated the increase of income growth and health insurance coverage along with a decrease of poverty in New Mexico between 2014 and 2015.

“New Mexico has added jobs consistently and brought its unemployment rate down, though it’s still a little higher than the national average,” White House Council of Economic Advisers chairman Jason Furman said on a conference call with reporters Thursday.

While New Mexico remains one of the poorest states in the nation, the new numbers from the U.S. Census Bureau show that things are trending upwards in these key indicators.

Still, the growth in these areas was smaller than in other states.

The median household income grew by 5.2 percent between 2014 and 2015 in the United States as a whole from $53,718 to $56,516 according to the Census Bureau numbers. In New Mexico, that growth was 1.2 percent, to $45,119 from $44,968 in 2014.

The 5.2 percent nationwide increase was the fastest growth on record. The Census Bureau only began reporting data on household income in 1967.

The Santa Fe metro area saw a 5.3 percent increase in median household income, while the Albuquerque metro area saw a 2.7 percent increase between 2014 and 2015.

“With any local area, you have to worry about a certain amount of noise in the data,” Furman cautioned, speaking about metro areas specifically.

New Mexico’s household median income peaked in 2007, at $46,686. The median household income in the state was below $44,000 as recently as 2010.

Nationwide, the median household income in 2007 was 1.6 percent higher than in 2015.

Beyond income, other indicators showed positive growth in New Mexico, if not as much as other states.

Similarly, the poverty rate fell by 0.9 percentage points in New Mexico. In the United States as a whole, the poverty rate dropped 1.4 percentage points.

From 2013 to 2015, New Mexico’s uninsured rate dropped from 18.6 percent to 10.9 percent. This came in the time period that major provisions of the Affordable Care Act, known by some as Obamacare, were implemented.

“That’s larger than the decline that we’ve seen in other states,” Furman said.

While the uninsured rate has fallen in every state in the nation, Furman said, states with high uninsured rates before the Affordable Care Act were helped the most.

And of those, states that expanded Medicaid, as New Mexico chose to do, saw the largest gains.

The White House fact sheet that ran down these numbers said more would be needed to continue the trends.

“To build on this progress, the President will continue to push Congress to take steps to further strengthen job creation and wage growth, including increasing investments in infrastructure, raising the Federal minimum wage, expanding the Earned Income Tax Credit for workers without dependent children, and passing the high-standards Trans-Pacific Partnership,” the press release said.

We're ad free

That means that we rely on support from readers like you. Help us keep reporting on the most important New Mexico Stories by donating today.

Related

Both Republicans and Democrats skeptical of guv’s proposals for special session

Both Republicans and Democrats skeptical of guv’s proposals for special session

A representative from Gov. Michelle Lujan Grisham’s office outlined on Thursday the bills the governor’s office will back during the upcoming special session, but…
Senators throw support to embattled Ivey-Soto

Senators throw support to embattled Ivey-Soto

By Justin Horwath, New Mexico In Dept Sen. Daniel Ivey-Soto is running for a fourth term despite the state Democratic Party’s decision to censure…
AG announces legislative priorities for upcoming special session

AG announces legislative priorities for upcoming special session

Attorney General Raúl Torrez announced on Thursday his legislative priorities for July’s special legislative session, including the creation of a crime victim’s unit to…
SCOTUS rejects proposed resolution to Rio Grande water dispute

SCOTUS rejects proposed resolution to Rio Grande water dispute

In a 5-4 decision, the U.S. Supreme Court rejected a proposed settlement that would have ended the more-than decade-long dispute between Texas and New…
FWS says two Rio Grande fish do not warrant listing under Endangered Species Act

FWS says two Rio Grande fish do not warrant listing under Endangered Species Act

The U.S. Fish and Wildlife Service found that two fish species found in New Mexico do not meet the criteria for listing them as…
Want to know what Albuquerque’s climate might be like in 2080? Head to Roswell

Want to know what Albuquerque’s climate might be like in 2080? Head to Roswell

Thanks to climate change, the Albuquerque of the future may feel a bit more like present-day Roswell. That’s according to a new web app…
Stansbury outlines funding secured for early childhood and youth services programs

Stansbury outlines funding secured for early childhood and youth services programs

U.S. Rep. Melanie Stansbury secured $8.3 million for childhood development and youth services in the 1st congressional district through federal community project funding. Stansbury,…
Amid new graduation requirements, what do high schoolers want to learn?

Amid new graduation requirements, what do high schoolers want to learn?

By Margaret O’Hara, The Santa Fe New Mexican The main things that bring Brayan Chavez to school every day: Seeing, talking to and engaging with…
Special ed teachers hope lawmakers OK pay raises, admin changes

Special ed teachers hope lawmakers OK pay raises, admin changes

By Margaret O’Hara, The Santa Fe New Mexican Brittany Behenna Griffith has a laundry list of adjectives to describe the ideal special education teacher:…
Some mental health issues on the rise in New Mexico

Some mental health issues on the rise in New Mexico

A recent report by KFF, a foundation that provides health policy analysis, found mental health issues on the rise and disparities in mental health…
Heinrich questions FDA leadership on baby formula safety, mifepristone

Heinrich questions FDA leadership on baby formula safety, mifepristone

U.S. Food and Drug Administration Commissioner Dr. Robert Califf answered questions about the safety of human milk formula and mifepristone on Wednesday. Sen. Martin…
Health workers fear it’s profits before protection as CDC revisits airborne transmission

Health workers fear it’s profits before protection as CDC revisits airborne transmission

Amy Maxmen, KFF Health News Four years after hospitals in New York City overflowed with covid-19 patients, emergency physician Sonya Stokes remains shaken by…
Abortion medication access remains after Supreme Court ruling

Abortion medication access remains after Supreme Court ruling

The U.S. Supreme Court ruled against the Texas-based Christian group trying to restrict access to abortion medication on Thursday. The case, FDA v. the…
How abortion care has changed since Dobbs 

How abortion care has changed since Dobbs 

In the month of March 2024 alone, 1,650 clinician-provided abortions took place in New Mexico, according to the reproductive research organization, the Guttmacher Institute.…
Many Democrats endorsed by reproductive rights group won primaries

Many Democrats endorsed by reproductive rights group won primaries

With nearly 53 percent of the precincts reporting as of 11 p.m. Tuesday, most of the legislative candidates endorsed by Planned Parenthood Votes New…
Some mental health issues on the rise in New Mexico

Some mental health issues on the rise in New Mexico

A recent report by KFF, a foundation that provides health policy analysis, found mental health issues on the rise and disparities in mental health…
New Mexico food banks say food insecurity is on the rise

New Mexico food banks say food insecurity is on the rise

Food insecurity is on the rise as state benefits have decreased and the future of federal benefits have an uncertain future.  Sonya Warwick, director…
Abortion medication access remains after Supreme Court ruling

Abortion medication access remains after Supreme Court ruling

The U.S. Supreme Court ruled against the Texas-based Christian group trying to restrict access to abortion medication on Thursday. The case, FDA v. the…
Republican Herrell signs onto what critics call anti-transgender message

Republican Herrell signs onto what critics call anti-transgender message

Republican candidate Yvette Herrell, who is running against Democrat Rep. Gabe Vasquez for New Mexico’s 2nd Congressional District seat, committed herself to a message…
Post-primary, Biden leads Trump in NM

Post-primary, Biden leads Trump in NM

President Joe Biden leads former president Donald Trump in the race for New Mexico’s five electoral seats, according to a poll commissioned by NM…
Democrats announce spending on CD2 race

Democrats announce spending on CD2 race

The Democratic National Committee announced on Monday that it will spend $70,000 for organizing staff to aid U.S. Rep. Gabe Vasquez, the Democrat trying…
Some mental health issues on the rise in New Mexico

Some mental health issues on the rise in New Mexico

A recent report by KFF, a foundation that provides health policy analysis, found mental health issues on the rise and disparities in mental health…
SCOTUS rejects proposed resolution to Rio Grande water dispute

SCOTUS rejects proposed resolution to Rio Grande water dispute

In a 5-4 decision, the U.S. Supreme Court rejected a proposed settlement that would have ended the more-than decade-long dispute between Texas and New…
FWS says two Rio Grande fish do not warrant listing under Endangered Species Act

FWS says two Rio Grande fish do not warrant listing under Endangered Species Act

The U.S. Fish and Wildlife Service found that two fish species found in New Mexico do not meet the criteria for listing them as…

GET INVOLVED

© 2023 New Mexico Political Report