Contrary

New Jersey

At one time in the not-too-distant past, New Jersey was by some measures the wealthiest state in the country. No more. Wealth is fleeing at an alarming rate. Between 2004 and 2008, more than $70 billion in wealth headed for the exit, according to a new study by Boston College’s Center on Wealth and Philanthropy.

Worse, it’s not being replaced. Though more people moved into the state than moved out during the period of the study, the net worth of the people who fled was, at $618,300, 70% higher. Those who left also tended to be better educated, more entrepreneurial and more professional.

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February 16, 2010 - Posted by | Uncategorized

2 Comments »

  1. I’m from New Jersey (sort of). Which exit?

    I’d never go back unless I had no other choice.

    Comment by sonarman | February 17, 2010 | Reply

  2. I have a good friend from Brigantine, near Atlantic City. He’s now living in Florida with no plans to return either.

    Comment by cutshoot | February 17, 2010 | Reply


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