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News & Press: Financial Literacy News

Does N.J. have what it takes to resuscitate its middle class? Maybe | Opinion

Monday, July 31, 2017   (0 Comments)
Posted by: Brian Pontious
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http://www.nj.com/opinion/index.ssf/2017/07/does_nj_have_what_it_takes_to_resuscitate_the_midd.html#incart_river_index

 

New Jersey's first settlers were Swedes who took root in the mid-1600s along the Hudson River up north and the Delaware River down south.

Since then, the population of Sweden and New Jersey has grown to around 9 million.

Today, each of their economies is similarly sized, around a half-trillion dollars.

However, there has been a singularly stark divergence between their middle classes.

There may be a lesson -- or a warning -- here for New Jerseyans who have been long accustomed to the unceasing certainty of upward economic mobility.


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