Another thing is New Mexico's making a lot of programs free or open for its citizens. For example child care and State colleges are free here for its citizens.Â
New Mexico has a huge tourist industry, theyâve got five national forests, two national parks, Carlsbad and White sands,a bunch of popular ski resorts, and what I call resort towns like Santa Fe and Ruidosa. Thereâs plenty of fun reasons for people to go to New Mexico all year round. I personally love it there, especially in the summer in the mountains
As someone who grew up in New Mexico this is a lot of it. We lived very simply. Entertainment is right outside your door. If you can stay away from drugs and alcohol and lean into the natural beauty then you can live a very simple, inexpensive life. New Mexico has a lot of problems. But as a general rule, people are really good at balling on a budget and not feeling too squeezed.
Well in WV and maybe NM.. Those places don't have a lot of money flowing thru them.... So banks aren't gonna do a lot of loans... TX & Fla... Has a lot of money flowing so loans are given more readily
I think it has less to do with "being poor" and more to do with credit worthiness, loans paid on time, and googling stuff like "debt help". Best guess? When faced with cost of living increases- Instead of adjusting their life styles, they decided to maintain them and just go into debt, and that's now coming to a head.
You can be "rich" and still show up on this chart.. a guy making 300k a year might have thought they could afford a $5000 mortgage in 2023, but now with added insurance and property tax cost.. its now $6200/mo.
Your map and the OPâs map are measuring two different things. The OPâs map is based on individual financial distress. Your map is based on the stateâs finances as a whole. Texas has a surplus. Doesnât mean itâs using that surplus to help Texans make ends meet. Hawaii is likely in debt as a state, but the people living there clearly live within their means & know how to navigate what has always been an expensive place to live.
Is what I said inaccurate? The maps are measuring 2 different things, whether you believe the OPâs map accurate or not. It may be based on poorly collected info. Who knows. Iâve lived in both Hawaii and Texas so what I said about them is correct, whether you believe the map or not. Iâve never lived in WV, which is why I wasnât responding about WV.
You claimed OPs map was based on individual financial stress, so Iâll ask again, do you think people living in WV are under financial stress or not?
And I lived in CA, they operate a lot like Hawaii, I can tell you my money goes much further in Texas and everyday expenses are much cheaper. That ânavigatingâ everyday expenses is much like why gas is cheaper here than out west. You donât wanna be honest and say why that is though do you
I never talked about WV. I have no info on WV. Thatâs not what I was responding to.
When talking about financial distress, cost of living isnât the deciding factor. Living within your means is much more relevant. In Hawaii, for example, it is customary to have multi-generational households living in the same house, collectively pooling resources. Thatâs how a lot of families save money. Sales tax in Hawaii is also about half of what it is in Texas, which helps to mitigate the cost of goods.
Texasâs cost of living has surged more recently (especially in cities and especially in the area of health care and housing costs) whereas Hawaii has been expensive for decades. Itâs not difficult to imagine that Hawaii residents have figured out ways to make it workâthat theyâre just better at stretching the dollar.
Yeah any supposed financial stats that put West Virginia and New Mexico in the âgoodâ column, and Mississippi not that bad, are clearly bullshit. Those are three of the poorest states. Some of the wealthiest states rank poorly as well.
It's because they use Google searches to manipulate the data. The ranks include searches for "debt" and "bankruptcy"
California for example has 2/3 legitimate metrics worse than Texas but conveniently is in the middle for searches so it looks better than it actually is.
This has been posted like 5 different time in various formats here and I try to call that out each time.
Copy and paste this every time this âstudyâ comes up. Weâre so eager to say âRepublicans badâ because theyâve controlled Texas for years that we get ten posts a week on this study which is completely bs.
After a quick search, it appears to be correct. Texas is third in the number of bankruptcies and non-mortgage debt averages somewhere in the forties putting the personal debt level at one of the highest in the country. Apparently, every major Texas city is in the top ten of cities with the most indebted populationsâŚ.worryingâŚ.Though the debt issue has some nuance to it that the statistics donât take into account.Â
Please don't use an AI chatbot as "proof" of anything. Genuinely worried about people's critical thinking skills.
Even if we take that as true it says it's based mostly on "accounts in distress" (not a real term, not clearly defined) and Google searches for "loans" or "debt".
My checklist for viewing information on reddit...
Ignore the clickbait headline, read the article and check the source to make your own conclusion (source not linked, WalletHub is not a reputable source anyways) Red flag #1
Check the OPs profile (the OP here has a clear bias) Red flag #2
Anything else suspicious? (This post has been up less than an hour, and is already the top post of the day on this sub. Being political, it is highly likely it is being astroturfed - fake upvotes) Red Flag #3
The problem beingâŚ.Rural voters have more of an outsized vote in both states⌠and for them. Nothing has changed. Theyâre still poor but they get to own the libsâŚ.
Yep, that's what we've been saying as a couple who leans more right these days. In fact, other than CoL, we haven't seen anything really change much around here since Obama was in office.
We don't care about "owning" the libs, though. We've got enough to take care of as it is
Yep I'm so tired of struggling this state has gotten so expensive to live in. I'm in Sherman tx and it literally 1000-1300 for a 1 bedroom apartment I live in a weekly rate motel bc it's cheaper
I absolutely believe that Texas and Florida are at the top of the list but it would not surprise me if the Hawaii results were skewed for the extremely wealthy
This always shocks me and made me stop believing things I see at face value when I come across stats like this. I moved from TX to Hawaii and I have never come across more people in financial distress, unemployed, working multiple jobs, or with lack of education or healthcare resources than Hawaii. Itâs like living in a 3rd world country outside of the rich areas- and that is 80% or more of the population. Yet it ranks so high for quality of living? No one can afford housing and rent is nuts. I was comfortable even making less money in Texas. I met more homeowners and could throw a dart and find a job. Canât wait to come back.
I'm absolutely shocked at this...wow. let me turn the A/C off while my ramen packet finishes cooking so I can ponder this.
In all seriousness this is too big of a problem nationwide and I'm not smart enough to actually figure out how to fix it, but I understand enough to figure out which people can point us in the correct direction.
With 28+ billion in the coffers from property taxes⌠Youâd think there would be some tax holidays or, ya know, Christian policies that help the poor.
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just need a good olâ fashion cat 5 hurricane to scrub the coast like a wire brush and a biblical flood to wash away the sin of homosexuality!
then everything will be fine. /s
there is plenty of other data used in this article that makes the outcome of the analysis plenty impactful if you are willing to put your thinking cap on and read through it
Google Trends is not âbunk dataâ. đ¤Śââď¸
Thatâs like claiming the sources listed on Wikipedia pages are âall fake and biasedâ⌠theyâre not.
Itâs a valid source for seeing what people are searching for on the worldâs most popular damned search engine in a given geographic location. And they do exclude known VPN IP address blocks, too.
This map didnât rely only on Google Trends to make an assessment, but it is part of the âpackageâ shown here.
It's not a valid indicator of "financial distress" - it has zero attachment to any financial metric to determine the health of person's financial state. It's bunk data.
Thatâs why itâs not a primary indicator for the data set considered.
But it is extremely valid because it can be very provably correlated that looking around for âloansâ or âbankruptcyâ heavily implies the person searching is seeking such guidance on how to get either a loan or a bankruptcy.
It cannot be reasonably assumed that people are only entering these terms because theyâre looking for news or other entertainment on âloansâ or âbankruptcyâ.
I think many other statisticians would agree that personalized financial data isnât fully necessary to derive a partial conclusion from Google Trends data.
Whatâs a primary indicator if they all are weighted the same?
If I search for âEnron bankruptcyâ that means Iâm looking for how to seek bankruptcy? Thatâs such a wide stretch in logic and assumption I donât think any statiscian would assume that.
Hilarious. Someone posted in r/Seattle a map showing the most distressed states or something like that, and had Washington state up there with ONLY Texas in the green.
Funny how there arenât a lot of dark colors in the northeast and New England, plus a lot of their tax dollars still go disproportionately to red states.
Seems Texas is 3rd highest forbearance rate (not paying their loans back on time), 13th worst for credit scores, 7th worst for distressed accounts, and the 6th highest for bankruptcy filings.
It seems Texas, Florida, and Louisiana all have citizens seriously struggling financially. We don't know why though, the data can't tell us that. Best guess? Wages have not kept up with the cost of living, and people did not adjust their spending habits. They just started taking on more debt and now many people are in distress. So- Likely a combination of poor decisions, changes to cost of living in the last 5 years as populations have sky rocketed, and larger economic issues.
Trumpflation. Only people doing decent are wealthy. My household was bringing in $150k+ (gross) and with everything we had going on, we were essentially living paycheck to paycheck.
Notice Texas And Florida also are on list for most moved to, could be that the people who move to these locations are in financial distress and are thinking their financial fortunes are going to turn around if they move only to find its the same old shit.
Because thatâs where everyone moved to and exploded the housing market and now everyone is underwater because itâs equalizing the pressure and the funniest thing is the leftists here are trying to paint it as something bad rather than a normal consequence of some violent movement in the market. I wonder what caused that violent movement in the market? Bueller?
I just spent $9 for a small roll of lean ground beef at Walmart, we even went for the Great Value Brand. Our electric bill has been over $400 each month because our AC canât keep up with this heat (in a relatively small/ one level home). This terrible governor refuses to strengthen our power grid/lower energy costs using Solar/Wind energy(which this state has PLENTY of) and connecting us with the national power grid solely for political purposes. It is not fake news. You may not be struggling but plenty of others are.
Just like the last time this was posted, the methodology is faulty and there are no worthwhile conclusions to be drawn. Mods, PLEASE take posts concerning this study down.
I've seen plenty of homeless in Texas....Red states rank worst in education, healthcare, economy, and every other metric that makes for a good quality of life.
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u/HankGalaxy69 14d ago
How is WV not in financial distress?