New Mexico named top “death-spiral” state due to imbalance between “takers/makers”
Concluding what has already been a very challenging 2015, a new report from Forbes has named New Mexico the #1 “Death Spiral” state due to its high ratio of “takers” to “makers.” According to the report, New Mexico is in the worst shape of any US state with 143 government clients for every 100 private-sector workers. The three other states with taker/maker ratios over 100 include such economically-challenged places as: West Virginia at 116, Mississippi at 111 and Arkansas at 103.
The scary thing to me is the margin by which New Mexico’s taker/maker ratio was larger than any other state. We’re at 143 and the next state is “only” at 116. Wow.
See the interactive map below:
