New Jersey’s New Misery Index

By admin • June 9th, 2009

NEW MISERY INDEX COMBINES THE STATE’S GROWING DEBT, BUDGET, TAX AND UNEMPLOYMENT PROBLEMS

The New Jersey Taxpayers Association recently unveiled a new metric to measure the economic status of the state of New Jersey, The Misery Index.

The metric measures aggregates several measures, as they affect citizens of New Jersey into one metric.

The measures include:

  • Tax burden
  • Debt
  • Spending
  • Unemployment
According to the metric, the state Misery Index has grown by 25% since 2005 and doubled since 2001.

State Assemblymen David W. Wolfe and Declan O’Scanlon welcomed the transparency provided by the new metric, but lamented the confirmation that New Jersey citizens are bearing an enormous tax, debt, spending and unemployment burden.

As the unemployment numbers, debt and spending continue to escalate, the Misery Index is showing no signs of declining in 2009.
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