If I asked you which states had the most well-off children, would you guess North Dakota, Wyoming and South Dakota? That’s what this year’s new report from the Annie E. Casey Foundation has found. As for the bottom, three of the four lowest-ranking states are in the Southwest.
For the first time in the study’s 24 years, Mississippi is no longer in the cellar. New Mexico is. Several states in the Southwest were hit by the housing bust. Construction slowed, and for low-income families, rental prices rose. Meanwhile, state safety nets shrank.
“In places like Nevada, in places like Arizona, the infrastructure for kids and families is not where it needs to be,” says the study’s author, Laura Speer, at the Annie E. Casey Foundation.
As for New Mexico, it lacks a big sector to fuel a recovery, says economist James Peach at the New Mexico State University. The state does have high-tech research. But it’s struggled to create a tech sector.
“Bill Gates was originally located in New Mexico,” Peach says. “And in the late 1970s he could not get a $50,000 loan to continue his enterprise. And he went home to Seattle.”
Overall Child Well-Being:
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.
Donate now to get almost any thank-you gift.