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New stats show consumer spending up in New Jersey

Local News | Aug 08, 2014

New stats show consumer spending up in New Jersey

NEWARK, N.J. (AP) — New Jersey’s per-person consumer spending rose nearly 9 percent in the three years following the Great Recession — slightly less than the national average.

New federal data released Thursday show the Garden State’s per-capita spending was $42,654 in 2012, up from $39,165 in 2009, at the end of the recession.

That’s below the national average of 10.7 percent.

Still, New Jersey’s per capita spending in 2012 ranked fifth in the nation. Only residents in Washington, D.C., Connecticut, Massachusetts and North Dakota spent more.

In New Jersey, consumers spent big on housing and utilities, paying an average of $8,861 a year — significantly more than the national average. But residents paid less for gasoline and other energy, spending an average of $1,254 per person — $74 less than the national average.

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