Taxes, high costs squeeze middle class out of New Jersey

New Jersey is not a place for middle class people:

This middle-class squeeze has raised concerns among experts who warn that the state is heading toward a tipping point: Residents, stretched thin to live here, are putting their future financial health on the line. And wages aren't rising fast enough to help them get ahead.

Taken together, the high taxes, soaring home prices and comparatively stagnant wages paint a gloomy picture. College graduates might not make enough money to buy their first home in their home state. Residents who bought a home using unconventional financing could struggle to keep up with their mortgage payments five or 10 years from now. And baby boomers who want a smaller home that is easier to maintain might consider moving out of state — even if it means being farther away from their children and grandchildren.

Blue State America is a rather grim place for the non-rich.