Financial Anxiety Grips New Jersey Residents

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New Jersey residents are facing significant financial strain as the high cost of living in the state, including soaring property taxes, utility bills, and tolls, is causing widespread financial anxiety. This anxiety is disrupting sleep, relationships, and work focus, with mental health professionals reporting an increase in patients seeking help for issues related to money worries.

Why it matters

Financial anxiety is a growing issue across the United States, but New Jersey's status as one of the most expensive states to live in is exacerbating the problem for residents. The high costs are putting a strain on household budgets and taking a toll on mental health and personal relationships, highlighting the need for open conversations and accessible support services.

The details

A 2025 study by The Harris Poll found that nearly 7 in 10 Americans report feelings of depression and anxiety tied directly to money, up from 61% just two years prior. In New Jersey, the specific financial realities of the state, including the highest property taxes in the country, rising utility bills, and increasing tolls, are compounding the issue. Mental health professionals across the state are seeing an influx of patients seeking help for issues related to financial stress, including disrupted sleep, strained marriages, and an inability to focus at work.

• In 2025, a study by The Harris Poll found that nearly 7 in 10 Americans reported feelings of depression and anxiety tied directly to money.
• Over the past two years, the percentage of Americans reporting financial stress-related mental health issues has increased from 61% to 69%.

What’s next

Mental health professionals across New Jersey are encouraging residents struggling with financial anxiety to seek support, whether through talking to a friend, counselor, or doctor. Telehealth options and sliding scale therapy have made mental health services more accessible in the state.