Wallethub: New Mexico 2nd poorest state in nation

A new report from Wallethub has found that New Mexico is the 2nd-poorest state in the nation. This is completely unsurprising considering that New Mexico is among the highest poverty states and most dependent on government with little in the way of private industry. Interestingly, as the report further breaks down, both the State’s top earners and bottom earners are quite poor.

Income in New Mexico (1=Best, 25 =Avg.):

• Overall Rank: 50^th
• 46^th – Average Annual Income of Top 5% (Adjusted for COLI): $371,006
• 49^th – Average Annual Income of Bottom 20% (Adjusted for COLI): $12,351

Of course, unlike West Virginia, Mississippi, Louisiana, and other impoverished states, New Mexico is sitting on $61 billion that policymakers refuse to return to residents of the State. Of course, MLG has claimed massive improvement in child poverty which (again) fails to check out.