Poll: consumer confidence takes a hit in New Jersey

The number of New Jerseyans who say they are better off financially now than they were last year has dropped, according to a recent Fairleigh Dickinson University survey.

The university’s PublicMind poll found 26 percent of residents say they are in a better financial spot than they were last year – down six points from January 2012, according to the survey.

The poll found no change from January of people who report being worse off, according to the survey, which also reports that more residents – 26 percent – say they expect to be worse off financially in the upcoming year than the 19 percent surveyed believed so in January.

The recent survey comes after PublicMind released a poll earlier in the month that found more than half – 55 percent – of registered voters in the state gave Gov. Chris Christie a positive job approval rating.

Despite the governor’s favorable rating among voters, the university’s third-quarter survey revealed New Jersey consumer confidence is waning, officials said.

“Despite all time high approval ratings for Gov. Christie and a majority who believe the state is heading in the right direction, New Jerseyans’ perceptions of their own financial well-being are not as positive,” said the director of consumer research at PublicMind, Rich Higginson, in a statement.

The telephone survey, which was conducted from July 23 through July 29, polled 695 adults who reported that they participate in household financial decisions. It has a margin of error of plus or minus four points. Poll: consumer confidence takes a hit in New Jersey