New Mexico may be facing something of an exodus, according to U.S. News and World Report.
The state’s economy continues to grow, but the working population has decided to leave the state, taking future generations with them.
Overall, more young people and older adults are moving to the state than leaving, according to U.S. News, but now those between 30 and 59 years old “are fleeing by the masses, taking kids with them who researchers say are unlikely to return.”
People are leaving for a number of reasons, including the lack of jobs. Nearby states are offering better options, "like never before," Republican Gov. Susana Martinez said in a statement.
So what will this mean for the Land of Enchantment?
It could mean a significant tax loss from that group of people, which makes up “a huge tax base” in the state, U.S. News reported.
And that means New Mexico will “struggle to fund its already cash-strapped government, and companies will look elsewhere to expand,” U.S. News reported.11 comments on this story
"Every state in the union will have a problem with the baby boomers all going into retirement and being dependent on health care," demographer Robert Rhatigan, associate director of the University of New Mexico's Geospatial and Population Studies, told U.S. News. "But what New Mexico is going to be missing is young folks who are working and paying taxes. And that has a ripple effect because without those folks there, there's no incentive for employers to invest in New Mexico."
Between 2010 and 2016, about 53,000 more people moved out of the state than moved in, according to U.S. census estimates. But because there were more births than deaths, the state's population grew nearly 22,000, or 1.1 percent, in the six-year time frame.
Read more at U.S. News.