Newly released census data indicates that 998,549 people in New Jersey are living at or below the poverty rate last year. The 11.4 percent poverty rate makes the state one of three that experienced an increase. This could mean more people will file for bankruptcy.
Even as the economy improves for the rest of the country, people in New Jersey are struggling. Between Hurricane Sandy and a rise in foreclosures, there are concerns that the numbers from the new census are actually an underestimate. It is surmised that even as the unemployment level in New Jersey decreases, even newly employed people are still living at poverty level.