A new analysis by The Pew Charitable Trusts explored the shrinkage of middle-class households, which the organization defined as “those making between 67 percent and 200 percent of the state’s median income.”
Between 2000 and 2013, three states saw their middle classes decline by double digits.
* Wisconsin: 10.4 percent
* Ohio: 10.2 percent
* New Mexico: 10.0 percent
The Land of Enchantment needs an aggressive strategy of pro-growth public polices, implemented immediately.
It appears that only six states experienced a growth in household income between 2000 and 2013 (AK,MT,WY,ND,SD,WV). 3 of those states (AK,WY and SD) have no state income tax.
Poppycock. Who defined middle class based on a percentage of medium income in a state? What happened to those that left according to the study? Are they unemployed? Making more than 200 times the medium income? Did the medium income go up in the state, thus the middle class become less? A really poor metric.
I definitely agree that it is imperfect at best and you bring up some very salient points. There is no doubt that New Mexico’s economy is deeply troubled. To an extent this is illustrated by the data here, but I agree that it is not even close to perfect.