Contact Us
Make My Homepage

NJ’s Wealth Index Down, But Improving [AUDIO]

New Jersey’s economy has been sick for a long time, but it is starting to recover lately at a faster pace. That’s according to new report from a Morristown investment firm.

flikr user 401(K) 2013
flikr user 401(K) 2013

Regent Atlantic Capital’s “New Jersey Wealth Index” stands at 28 right now. A score of 50 is considered healthy. Regent’s Chris Cordaro says high unemployment in the state and lagging personal income are keeping the number low.

“But we’re heading in the right direction, as we have sort of bounced off the bottom from the great recession.”

He says strong stock prices for Jersey firms, such as Johnson and Johnson are the biggest positive in the index right now. Cordaro say the good news is the index has gained more in the past six months than at any time since the 2007 economic downturn.

Regent will take another look at New Jersey’s economy in October.

The full report can be found online.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!