Economic Security and Prosperity
The economy should work for everyone, not just a select few. But for New Mexicans who lack job skills and education, and work in low-wage jobs with little hope for advancement, economic security is just a dream. Long-term economic prosperity involves promoting economic and workforce development opportunities for all New Mexicans, as well as supporting access to adequate wage and work supports for those in crisis and those who are unable to work.
Featured Content
New Mexico is Putting Families First in Tax Policy
Our state’s policy makers made a number of improvements to the tax code since 2019 that will help low- and middle-income New Mexicans, improve equity, and increase economic opportunity for our working families.
Eligible but Excluded: How Systemic Inequities in Language Access are Impacting Asian, Pacific Islander, and African Immigrant and Refugee Communities During the Pandemic
A follow-up to our Essential but Excluded report, this looks at how Asian/Pacific Islander and African immigrants and refugees are unable to access public benefits for which they are eligible – and not just during the pandemic – due to a pervasive lack of language access at many state agencies. This, despite federal laws requiring such access.
Tax Policy: A Powerful Tool to Advance Racial Equity in New Mexico
Systemic racism isn’t accidental – it’s the result of public policies that benefit one group while disadvantaging others. Our state and national tax systems have been built to benefit those at the top (who are mostly white) while disadvantaging people of color. This report looks at concrete ways New Mexico can make our tax system more equitable.
Recent Publications
2022 New Mexico KIDS COUNT Data Book
KIDS COUNT Data Book Given the pandemic, child well-being could have taken a great tumble. But, thanks to smart investments at both the state and federal levels, New Mexico's children are not fairing much more poorly and in some cases, have seen slight improvements. This annual report provides data on numerous child well-being indicators related to economic security, education, health, and family and community, and includes policy solutions. (State-, county-, tribal- and school district-level data on child well-being.)
Increasing the state Child Tax Credit will help New Mexico kids thrive
Updated Fact Sheet New Mexico's new state-level CTC is a great start at helping children thrive. Lawmakers should use the legislative session to make a few improvements. (State-level data on how increasing this tax credit would benefit families)
Recent Blog Posts
23 Roundhouse Resolutions for 2023
It's a New Year's resolution bonanza! We've got 23 resolutions for 2023 that we urge lawmakers to consider to improve child well-being in New Mexico.
Voters signal support for more than investments in early childhood
Las Cruces Sun-News--The recent election tells us a great deal about how committed New Mexicans are to our children and their families. New Mexico voters have spoken loud and clear — and they want the highest quality early care and education programs fully supported and available to all.
Recent News Coverage
New Mexico may use budget windfall for more taxpayer rebates
Santa Fe New Mexican--“A lot of New Mexico families are struggling and feeling the impact of inflation when it comes to day-to-day goods,” she said. “Rebates can help so many families in the state, including low-income families and families with children in the home.”
New Mexico voted a child care guarantee into its constitution
CNN--Child advocates some 12 years ago sparked the movement to get a permanent funding source for child care enshrined in the state’s constitution. It was a long-game strategy for a coalition of non-profit, grassroots groups, including New Mexico Voices For Children.
Current Initiatives
Working Poor Families Project (WPFP) is a national initiative focused on strengthening state workforce development policies as a way of reducing poverty for working families. One way to address poverty among working Americans is with so-called ‘work supports,’ which help stabilize low-wage workers while assisting their climb up the job ladder. Work supports include child care assistance, health care coverage, funding for adult basic education and community college attendance, and unemployment insurance (UI) benefits.
Fiscal Policy Project, our program focusing on tax and budget policy, also covers work supports and wage issues.
Resources
A Basic Family Budget Calculator is an important tool in determining if a family lives in poverty, because the system currently in place to do that is completely outdated.
Federal poverty guidelines, which dictate whether a family is eligible to receive assistance such as Medicaid and Food Stamps, are tied to a formula that was created in the 1960s. It was based on what the typical family spent on groceries because that was a family’s biggest expense at the time. Today, necessities like housing, childcare and health care take up a far greater share of most family incomes than groceries. Not only do the guidelines not take these changes into account, they do not take into account regional differences in the cost of living.
Because the federal guidelines are so inaccurate, families are generally considered low-income when they earn up to twice (or 200 percent) the poverty level. This makes up for some shortfalls in the guidelines, but they are still nowhere near as accurate as a Basic Family Budget.
- Click here to find out the minimum amount families need to earn in order to live at a basic, no-frills level in New Mexico’s cities and counties