Poll: More than half of N.J. residents say they'll retire out of - New York News

Poll: More than half of N.J. residents say they'll retire out of state

Posted: Updated:

An unaffordable cost of living and high taxes are the reason more than half of New Jersey's working adults polled recently by Fairleigh Dickinson University say they will retire outside the Garden State.

A total of 52 percent of those polled said they will move out of state upon retiring, while just 32 percent intend to remain in New Jersey, according to the university. For those who plan on leaving, a strong majority – 57 percent – cited the cost of living and the state's tax burden as being behind their decision to flee.

“People are living longer and need their retirement savings to last beyond what previous generations expected," said Krista Jenkins, director of the PublicMind Polling Institute and professor of political science at Fairleigh Dickinson. "Future retirees are obviously looking for places where they can stretch their dollars, and New Jersey isn’t looking too affordable these days."

The Fairleigh Dickinson University poll of 699 New Jersey non-retiree adults was conducted by telephone with both landlines and cell phones from May 27 through June 1. Across the board, affordability and taxes were the most common reasons provided for wanting to leave the state, university officials said.

Those 40 and older, and white non-retirees, were the most likely groups to cite affordability and taxes as their main reason for leaving the Garden State. Non-whites and those with no more than a high school diploma were, overall, less likely than most to express concern with affordability in retirement, but poll findings offered "indisputable evidence" of the concerns residents have about the state’s income tax, particularly for retirees, the university said in a statement.

The second-highest reason given for wanting to leave the state – by 15 percent of respondents – was the desire for a different or warmer climate.

Of those wanting to leave, 40 percent said they'll look to a southern state. About 14 percent said they would remain somewhere in the northeast and 13 percent said they will likely move abroad. A fifth of those wanting to leave are undecided about their future destination.

Read More...

By: Daniel Nee (Patch Editor)

  • Local NewsLocal NewsMore>>

  • 'Get on Up' and James Brown's Harlem legacy

    'Get on Up' and James Brown's Harlem legacy

    Friday, August 1 2014 5:55 PM EDT2014-08-01 21:55:13 GMT
    "Get on Up" is in theaters now. The film chronicles the career of James Brown, who had a special connection to Harlem and New York. Billy Mitchell is the in-house historian at the historic Apollo Theater. He says the Apollo was a second home to Brown, as it was here where he became an international superstar who appealed to all. But Brown's NYC legacy stretches even further.
    "Get on Up" is in theaters now. The film chronicles the career of James Brown, who had a special connection to Harlem and New York. Billy Mitchell is the in-house historian at the historic Apollo Theater. He says the Apollo was a second home to Brown, as it was here where he became an international superstar who appealed to all. But Brown's NYC legacy stretches even further.
  • Dog found in abandoned home cleaned up and adopted

    Dog found in abandoned home cleaned up and adopted

    Friday, August 1 2014 5:51 PM EDT2014-08-01 21:51:00 GMT
    A 6-year-old Shih Tzu mix that was found in an abandoned home in Lindenhurst two weeks ago now has a new home with a new family. Ziggy has been has been cleaned up and has undergone physical therapy. Babylon town employees took three and a half hours to remove nearly four pounds of matted hair after they found him. Ziggy's fur was so matted and his nails so overgrown that he could barely walk.
    A 6-year-old Shih Tzu mix that was found in an abandoned home in Lindenhurst two weeks ago now has a new home with a new family. Ziggy has been has been cleaned up and has undergone physical therapy. Babylon town employees took three and a half hours to remove nearly four pounds of matted hair after they found him. Ziggy's fur was so matted and his nails so overgrown that he could barely walk.
  • Massive emergency drill in New York City

    Massive emergency drill in New York City

    Friday, August 1 2014 5:14 PM EDT2014-08-01 21:14:45 GMT
    The New York City Department of Health conducted a massive emergency preparedness drill at 30 facilities across the city on Friday. They tested the delivery of emergency medications in the event of a biological attack, such as anthrax, or other large-scale public health emergency in the city. The majority of the deliveries will take place to public school buildings.
    The New York City Department of Health conducted a massive emergency preparedness drill at 30 facilities across the city on Friday. They tested the delivery of emergency medications in the event of a biological attack, such as anthrax, or other large-scale public health emergency in the city. The majority of the deliveries will take place to public school buildings.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices