Tag Archives: economy

New Jersey: Most Millionaires! Most Stressed?

5 Feb

Image result for rich and poor

Here’s something interesting… According to Phoenix Marketing International, New Jersey now has more rich people percentage-wise than anybody after nudging out the State of Maryland in 2018 as the state with the most per capita millionaires.

New Jersey now has 293,992 millionaire households, for a ratio of just about 1 in 11 NJ households with a net worth of over 1 million dollars. Jersey was ranked second in 2017, when it had only 258,988 millionaire households, so that’s a 13% increase over last year. And you thought Snookie was just a dumb Jersey Girl.

The report found that nationwide 7.7 million U.S. households had more than 1 million dollars in assets, which is an increase of more than 2 million households since the financial crisis of 2008.

So how is your household doing? I know that my household has not recouped our loses from the 2008 financial disaster nor have many of my NJ neighbors who have since moved away after losing their homes because of their mortgages going underwater…and later drowning as a result. Remember when that happened?

But for at least 2 million NJ families, after dozens of major companies failed and America landed in one of the worst recessions in its history, one family’s crisis was another family’s fortune…I guess?

Because according to Wellness.com and a recent in-depth study by real estate blog Movoto. which ranked states based on unemployment rates, population density, how many held health insurance, total cost of living, and how many hours people worked per week to “survive”, New Jersey was ranked the 3rd most “stressed” state in the nation!

Go figure! New Jersey has the most wealthy and the third most financially stressed residents in the nation! It’s now the Have Most and the Have Not State! Hmmmmmm…so does this mean that as the rich get richer the poor really do get poorer? Gee who would have thunk it?!

At least the economy is doing great whether you are or not…So, Hey New Jersians! Are you working hard or hardly working? And here in the 21st Century does that necessarily mean what we think it means?

 

 

 

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