38 % Of N.J. Households Live In Poverty

I was asked about this the other day and couldn't believe it what I was hearing. N.J. is one of the wealthiest states in the country, how is it possible that 38% of our population (1.2 million households) fall below the poverty line? It's obvious that poverty affects more than just the stereotypical lazy, shiftless black or Latino welfare Kings and Queens. It affects many of our friends and neighbors as well!

From NJ.com:

...A new study conducted by the United Way of Northern New Jersey shows an alarming number of New Jersey residents are in Ticehurst’s position. Data compiled by the group show that 38 percent of New Jersey households are struggling to meet basic needs. These households are just scraping by, one lost job or medical emergency away from potential fiscal ruin.

The report, called ALICE (Asset Limited, Income Constrained, Employed), paints a stark picture of how widespread financial hardship like Ticehurst’s is in New Jersey.

While 11 percent of state residents fall below the Federal Poverty Line, which stands at an annual income of $22,811 for a family of four, the report found that when adjusted for cost of living the same family needs nearly triple that -- $61,200 – just to meet a basic survival budget.

In one of the wealthiest states in the country, 1.2 million households fall below this threshold. And while the state’s economy has shown signs of recovery in the wake of the Great Recession, the number of households struggling by the United Way measure increased by about 24 percent from 2007 to 2012, the most recent data available....

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There's No Debating The Obvious

by Josh Levitt
Buono for Governor



At tonight's debate, Governor Christie will attempt to do the impossible: defend his failed economic record. No matter how Governor Christie tries to duck and dodge away from his record, he cannot hide from the facts. It's clear that Governor Christie's ineffective trickle-down economic policies have decimated New Jersey's economy, leaving the middle class and working poor without quality opportunities and struggling to make ends meet.

The economic figures paint the sorry picture of New Jersey's economy under Chris Christie. Over the past four years, New Jersey has one of the worst rates of job creation of any state in the country. With 400,000 residents out of work, New Jersey's unemployment rate currently sits more than a point above the national average and is one of the highest in the region. In the past two months alone, New Jersey lost a staggering 12,000 jobs.

Instead of building an economy that works for all New Jerseyans, this Governor has prioritized millionaires and big corporations over workers and families. Governor Christie has staunchly protected millionaires from paying their fair share, all while raising taxes on low-income New Jerseyans by slashing the Earned Income Tax Credit and vetoing an increase of the minimum wage. It's no surprise that the poverty rate in New Jersey recently reached a 52-year high.

To top it off, New Jerseyans have been crushed by skyrocketing property tax rates during Christie's time in office. On average, property tax rates have increased by 20 percent over the past four years as Governor Christie has cut essential relief programs and diverted revenue away from municipalities.

With a record like that, there is no debating the obvious: Governor Christie's economic policies have failed New Jersey.