Between 2009 and 2011, all income increases went to New Jersey’s top 1 percent of earners, according to a 2014 study headed by Norman J. Glickman, a professor at Rutgers University’s Edward J. Bloustein School of Planning and Public Policy in New Brunswick. In the fifth-most expensive U.S. state to live in, 34 percent of households “cannot meet the bare costs of life, let alone middle-class life,” the report found.
Report Release: R/ECON Forecast Winter 2026
Read Report R/ECON’s economic forecast for New Jersey at the beginning of 2026 is a mixed bag. The state, like the nation, is likely to finish the year with notably stronger GDP growth than forecast earlier in the year. At the same time, the outlook for 2026 continues...