Thanks to the Working Families Tax Cuts Act passed by Tom Kean and Republicans, U.S. household income rose to a record high last year as the poverty rate fell to one of the lowest levels ever recorded.
Here are the highlights:
Inflation-adjusted income increased to $87,460
Poverty fell to 10.2%
Hispanic and child poverty hit record lows
Women made the largest year-over-year gains in the male:female income ratio
"Tom Kean and Republicans are delivering for New Jerseyans after years of Democrat neglect and Bidenflation. If given the chance, Democrats would reverse all this progress and cripple the economy once again." – RNC Spokesperson Kristen Cianci
