Aug 31, 2006 14:25
today is super slow because its almost labor day weekend...Jay sent me this article..I dunno where it was published, but its about Jersey so I had to share.
I'll post for real a little later...cuz i really don't have to much else to do :)
What a state to be in: rough, working-class New Jersey is the richest place in America
By Harry Mount in New York
(Filed: 31/08/2006)
New Jersey, for decades the butt of endless jokes for its rough, unsophisticated ways, has emerged as America's richest state.
The home state of Frank Sinatra, Bon Jovi and Bruce Springsteen has long been considered synonymous with the poor, white working class. It is no coincidence that The Sopranos, the hit show about a mob family, is set in the state.
But now New Jersey has turned the tables on its detractors. New United States census figures show that the state had the highest average income in the country last year.
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Half of its households earn more than £32,600 a year, knocking Connecticut - the swanky country club state - into second place.
The proportion of those living below the poverty line - running at 8.7 per cent in New Jersey - is lower than anywhere except in the well-heeled east coast states of New Hampshire, Maryland and Connecticut.
New Jersey's residents are almost 50 per cent richer on average than their supposedly upmarket neighbours in New York, where average household income last year was £22,950, having dropped by 2.5 per cent since 2004.
In Manhattan, just across the Hudson River, New Jersey is a rich source of comic material.
An award-winning show on Broadway is called Bridge and Tunnel, a pejorative term for over-made-up, unsophisticated New Jerseyites who flood into New York city on Friday and Saturday nights.
Over the past decade, wealthy middle-class suburbs have built up around New Jersey's decaying industrial cities, whose populations are falling. Camden, for instance, was named the poorest US city in the census report and for the past two years has also won the dubious award of most dangerous city. The median household income in Camden is £9,500, the nation's lowest, while 44 per cent of Camden's 80,000 residents live below the poverty line - defined as anything below £10,550 income for a household of four.
New York still has the highest property prices in America. Yesterday it was announced that a stretch of 110 apartment buildings along the East River was up for sale for £2.64 billion, potentially the biggest deal for a single US property. But many of Manhattan's richest bankers now head home to the dormitory towns of New Jersey.
Further census information disclosed that blacks made up 20.6 per cent of those living in the poorest
fifth of the United States population and 5.8 per cent of the wealthiest fifth. Non-Hispanic whites comprised 81.2 per cent of the top fifth.