NJ’s Poverty Rate Rises Fueled by Spike in Atlantic City
Nearly 1 million New Jersey residents fall under the federal poverty threshold, Census Data released last week reveals.
Since the Great Recession ended in 2009, New Jersey’s poverty rate has increased by 2 percent to just less than 11 percent, well below the national average of 15.47 percent. The federal poverty threshold stands at $11,880 annually for individuals and $24,300 for a family of four.
The poverty rate for Atlantic City has skyrocketed from 23 percent to 37 percent.
This article appeared in print on page 6 of edition of Hamodia.
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