By William Irving. Data released earlier this month from the U.S. Census Bureau’s annual American Community Survey show that New Jersey now tops the list of states with the highest incomes in the country [...]
By Jocelyn Fischer and Yana van der Meulen Rodgers. Inflation levels in the U.S. have reached decades-long highs during the COVID-19 pandemic and in its wake. Because inflation can erode people’s ability to afford the goods and services they need, the recent uptick in inflation has raised concerns [...]
By James Barrett. As of May 2023, the National Student Clearinghouse published their annual Current Term Enrollment Estimates, painting a bleak picture of the state of college enrollment across the nation. Public two-year enrollments dropped 10.1% [...]
By Ciera Gaither. The most recent Current Population Survey Food Security Supplement (CPS FSS) reported that 10.2% of American households are food insecure, impacting more than 30 million people. In comparison, 8% of New Jersey residents experienced food insecurity in 2020 [...]
By Megan McCue. More New Jerseyans are finding it difficult to pay for typical household expenses, according to a follow-up survey conducted by the Eagleton Center for Public Interest Polling. Five questions from the first survey, originally published in July 2022 [...]
by James Barnett New Jersey is consistent in featuring at the top of the ranks for two different variables: effective real estate property tax rates and quality of K-12 education services.[1][2] These, unsurprisingly to most who reside here, are not unrelated in the slightest. Each of New Jersey’s whopping 599 school districts is funded to [...]
By Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) Black Friday and Cyber Monday have passed, but all reports are not yet in. Adobe Analytics reports that online sales on Black Friday hit a new nationwide record, striking a level 2.3% higher than a year prior, while Sensormatic Solutions reports in-person shopping rose by 2.9%. [...]
By Michael L. Lahr. As detailed in our previous blog, there are several factors at play in the U.S. economy which may influence the likelihood of a recession. We discussed the Federal Reserve’s decision
By Michael L. Lahr, Rutgers Economic Advisory Service (R/ECON™). It’s a tough time to be Jerome Powell. The Federal Reserve Board’s two primary responsibilities are to assure price stability and growth within the U.S. economy, and Jerome Powell is its Chair. As we are painfully aware, prices have been less than stable [...]
By Michael Lahr, Tia Azzi, and Maia de la Calle, Rutgers Economic Advisory Service. It is vital for New Jersey policymakers to understand what affects municipal tax rates. In this brief, we analyze local government spending [...]
