Finance

Families Are Putting Groceries on Credit Cards. Can Financial Literacy Ease the Pain of Rising Prices?

With food and utility prices straining household budgets, Albuquerque officials and community leaders are encouraging financial literacy as a tool to help families reduce reliance on credit cards and navigate an affordability crisis. Experts say better money management cannot solve inflation, but it can provide stability and help households avoid deeper debt.

Albuquerque is Raising the Minimum Wage to $15 by 2030 — Here’s How it Could Reshape Paychecks, Families, and Local Businesses

The Albuquerque City Council has approved a gradual increase in the city’s minimum wage, raising it to $15 an hour by 2030. Supporters say the measure will help working families cope with rising living costs, while businesses argue the phased approach gives employers time to adjust. The decision highlights the ongoing debate over wages, affordability and economic growth in New Mexico’s largest city.

Why New Mexico’s Universal Child Care Program Is in Court — and How It Could Help Families Save Thousands

A court challenge is testing New Mexico’s universal child care program, but for many families the bigger question is economic: how much money can it save, and what is at stake if the program faces disruption? Here’s what the legal fight means and how the program could help household budgets.

Updated: How a Tax Hike Means for Your Wallet: Albuquerque’s Proposed Increase Shows Why Gross Receipts Taxes Hit Consumers and Small Businesses

Albuquerque’s proposed gross receipts tax increase offers a real-world lesson in financial literacy—showing how local taxes ripple through prices, small businesses, and household budgets.

State Grants Up to $150,000 Now Available for Business Incubators

Business incubators in New Mexico have a chance to secure up to $150,000 in grants to help them meet state certification standards.

$50.7M Lost to Fraud: Regulators Step Up Warnings During Consumer Protection Week

Over 10,600 fraud complaints in 2025 cost New Mexicans $50.7M, as regulators step up warnings during Consumer Protection Week.

Southern New Mexico Outlook: Jobs Grew, Wages Rebounded, Trade Weakened in Late 2025

Southern New Mexico closed 2025 with solid job growth and improving wages in Las Cruces, even as year-over-year trade values through Santa Teresa fell sharply. Dallas Fed data also point to continued exposure to energy and commodity swings across the broader region.

Los Alamos Visiting Nurse Service to Close, Showing Rural Home Health Funding Issues

Los Alamos Visiting Nurse Service, a decades-old home health and hospice provider in Northern New Mexico, is shutting down after citing falling insurance reimbursements and rising operating costs. The closure underscores growing pressure on rural home-based care models that depend on Medicare and Medicaid payment rates that often don’t cover travel time.