From New Jersey Newsroom:
New Jersey’s median household income declined by $7,214 between 2006 and 2008, the largest dollar decrease in the nation, according to newly-released U.S. Census Bureau statistics, and that is providing campaign fodder for Republicans to attack Gov. Jon Corzine’s economic recovery efforts.
New Jersey, which had the highest two-year average income in the nation at $71,284 in 2005-2006, dropped to fifth at $64,070 in 2007-2008.
The state 10.1 percent decline in median income was exceeded only by Vermont’s 10.3 percent. No other state declined by more than 6.4 percent including neighboring Delaware, a 4.5 percent decline; New York, 2.2 percent, and Pennsylvania, 1.1 percent.