From the Press of Atlantic City:
The vast majority of New Jersey residents believe that they’re either falling behind economically or barely keeping up, a Stockton University study reported Monday.
Fifty-five percent of people in the state told researchers from Stockton’s William J. Hughes Center for Public Policy that they believe their income is “falling behind the cost of living.” Another 37 percent said their income is “just keeping pace” with increasing costs.
Only 14 percent now see the New Jersey economy as good and 6 percent rate the state’s economy “excellent,” says Kelly Sloane, a Hughes Center public policy researcher who released the study, “Views on Economic Inequality in the State of New Jersey.”
About 70 percent told Stockton pollsters that they believe the U.S. economy is still in a recession.
While most of the 802 respondents were personally pessimistic in the polling, large majorities also said that neither they nor anyone in their households had any major economic misfortunes over the previous year.
Still, when asked about their own status, about 55 percent of New Jersey residents said they think they’re personally doing better economically than other Americans, and 27 percent said they’re doing about the same as others in the country. Just 15 percent said they believe they’re personally worse off than the rest of the country.