Census Shows Continued Economic Suffering From Recession

Map of the 21 counties of the State of New Jersey

Map of the 21 counties of the State of New Jersey (Photo credit: Wikipedia)

The typical New Jersey household’s income dropped again last year, the fifth consecutive decline, according to new data released yesterday by the U.S. Census Bureau.

Not surprisingly, as incomes fell, the ranks of the poor rose.

“The latest federal statistics show there are more people in our state struggling in poverty than during any period in half a century,” says Melville D. Miller Jr., president of Legal Services of New Jersey. “That can cripple the development of our children and our state’s economic and social future.”

The latest Census estimates put the median household income in the state at $67,458. When adjusted for inflation, that was 3.4 percent less than in 2010 and 8.1 percent less than in 2008, the first full year of the recent recession. It’s also less than the actual, unadjusted, median incomes for the prior three years and only slightly above 2007’s actual median income of $67,035 — $72,666 in 2011 inflation-adjusted dollars.

Read more: http://www.njspotlight.com/stories/12/09/20//

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