A recent poll conducted by Rutgers-Eagleton in collaboration with NEW JOBS PAC reveals that a significant portion of New Jersey residents hold negative views on both the state and national economies. The survey indicates that 41% of respondents describe the U.S. economy as "poor," while 39% consider it "only fair." In contrast, only 18% view it as "good," and less than 1% rate it as "excellent."
Regarding New Jersey's economy, 26% of participants label it as "poor," with 37% rating it as "only fair." Meanwhile, 31% believe the state's economy is "good," and just 1% consider it "excellent."
The poll highlights partisan differences in economic perceptions. A majority of Republicans (62%) rate the national economy negatively, though this sentiment is stronger among Democrats (88%) and independents (82%). Conversely, Republicans are more likely to view the economy positively compared to Democrats and independents.
At the state level, Democrats are more inclined to have a favorable opinion of New Jersey's economy than Republicans or independents. Despite this, over half of Democrats still rate the state economy negatively.
Tony Bawidamann, Chairman of NEW JOBS PAC, expressed concern about residents' economic worries: “A majority of citizens in New Jersey are worried about the state’s economy and the taxes they pay. That is very alarming because it also makes businesses concerned about investment and stability in the marketplace.” He emphasized the need for collaboration between business leaders and elected officials to foster a conducive environment for business growth.
Ashley Koning from Rutgers University noted that economic perceptions are influenced by partisanship but acknowledged widespread concern across political lines: “While views are colored by partisanship – with Republicans more positive about Trump’s economy and Democrats more positive about Murphy’s – partisans of all stripes sense the economy is not in great shape.”
The poll also explored opinions on tax determinants in New Jersey. Nearly half (48%) attribute property tax levels primarily to local public school districts. Other factors include county-level government services (9%), pensions for local government employees (8%), and local law enforcement services (7%).
Regarding income tax influences, residents identified healthcare and social services (24%) alongside public education (21%) as key contributors.
The findings come from a statewide survey conducted between April 1-10 with a sample size of 1,058 adults. The margin of error for the full sample is +/- 4.1 percentage points.
