Are people leaving NJ? “The data is not completely clear” Dr. Alexander Heil, chief economist for Port Authority of NY and NJ, speaking at #njcpa16 on 6/17/2016. He continued to explain that peak working age population will decrease while under 18 and and over 55 will grow.
However politicians, CPAs and financial planners are more pessimistic about staying in NJ. This discussion was the only topic that drew spontaneous audience applause of the entire #njcpa16 convention!
The strongly take home message of the session actually came from the audience not the panelists: CPAs are not optimistic about the economic future of NJ with its current governmental/tax climate.