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PULLING APART:
Income Gap Widening in New Jersey
Income Gap Widening in New Jersey
Economic growth in New Jersey over the past 20 years has not been broadly shared by the state’s residents because the wealthiest have seen their incomes rise at a much greater pace than anyone else. In other words, the income inequality gap in New Jersey continues to widen and in some respects at a faster rate than in most of the nation.
This information comes from a national report jointly released in Washington today by the Center on Budget and Policy Priorities and Economic Policy Institute. The report, Pulling Apart: A State by State Analysis of Income Trends, is one of the few that examines the growth of inequality in all 50 states, using US Census Bureau data to compare income from the late 1980s to the present time.
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