Based on the BEA data for 2022, New Jersey’s median personal income ranked 4th in the nation at $137,252, about 23% higher than the national median.
Topic
income
Research: Generational wealth matters
Income at life events represents the many ways that generational wealth can drive the contrast in incomes between white and Black households.
Staying at home is a privilege: Evidence from mobile phone location data in the U.S. during the pandemic
Data from millions of mobile phones were collected in the 12 larges metropolitan statistical areas, finding a positive association between income and the ability to stay home.
Investing in human capital may move U.S. forward on Social Progress Index
by Jas Sarna. The Social Progress Index complements economic measures of countries’ success by measuring 50 metrics of well-being.
Nobel Laureate Dr. Joseph Stiglitz discusses income inequality, inequality of opportunity at annual Bloustein lecture
On Monday, October 19 Dr. Joseph Stiglitz , Nobel laureate in economics and University Professor at Columbia University's School of International and Public Affairs, presented the annual Ruth Ellen Steinman and Edward J. Bloustein Memorial Lecture to a full house at...
A solution for the social security dilemma | Opinion
By Richard F. Keevey Social security is a vital component of the American safety net. Without social security many retired and disabled workers - as well as survivors and dependents - would be without a source of income. But social security is on an unsustainable...
Job growth is not enough to reduce rising N.J. poverty rate | Opinion
By William M. Rodgers III During New Jersey's economic recovery from 2009 to 2013, the state's poverty rate increased from 9.4 to 11.4 percent. Over this same time period, the nation's poverty rate fell. Most disturbing was the increase in the state's childhood...