John Lettieri, President and CEO of Economic Innovation Group | Official Website
John Lettieri, President and CEO of Economic Innovation Group | Official Website
In total, residents in Monmouth County received $7.4 billion in government transfers, which accounted for 12.1% of total county income.
Comparatively, across all counties in New Jersey, government transfer payments totaled $102.9 billion, making up 14.4% of the state residents’ total income, with an average of $11,114 per resident.
Government transfer payments are non-repayable funds provided by federal, state, or local governments to support individuals in need. These payments aim to stabilize economic conditions and provide financial support during hardships. Key programs include Social Security transfers (retirement benefits), Medicare transfers (healthcare for seniors), Medicaid transfers (healthcare for low-income individuals), and income maintenance transfers (financial assistance for basic needs).
Breaking down the contributions in Monmouth County at the time, Social Security transfers totaled $2.9 billion, amounting to $4,497 per capita, or 39.2% of total government transfers. Medicare transfers accounted for $2.1 billion ($3,263 per capita), representing 28.5% of the total. Medicaid contributed $1.2 billion ($1,866 per capita), making up 16.3% of total transfers. Income maintenance programs, including assistance such as SNAP or TANF, added another $453.5 million ($704 per capita), or 6.1% of the total.
With 19.1% of the population aged 65 and older, Monmouth County has a significant demand for programs like Social Security and Medicare. Total per capita income excluding government transfers in Monmouth County was $82,921, noticeably below the county’s total income of $94,381, emphasizing the role of government transfers in overall income.
When comparing 2022 to the previous year, Monmouth County saw a decrease of 21.1% in per capita government transfers, from $14,468 to $11,460 per capita.
Government transfers have long been a modest financial safety net, historically comprising only a small fraction of Americans' income. However, since the 1970s—sometimes dubbed the “Great Transfer-mation”—dependency has surged from 8.21% (or $2,022 per capita in inflation-adjusted 2022 dollars) in 1970 to 17.63% (or $11,542 per capita) in 2022. In Monmouth County, reliance on government transfers has similarly increased from 7.29% (or $2,048 per capita) in 1970 to 12.1% (or $11,460 per capita) in 2022, reflecting broader national trends.
According to the Economic Innovation Group’s analysis, these trends are not merely short-term responses to economic pressures but rather reflect a profound, long-term transformation in how government support is integrated into American life. The study illustrates that structural shifts—from rising healthcare expenses and demographic changes to stagnant wages—have significantly increased dependency on government transfers.
| County | State Rank (Per Capita Transfers) | Per Capita Transfers ($) | Dependency on Transfers (%) | % Population 65+ | Social Security Transfers ($) | Medicare Transfers ($) | Medicaid Transfers ($) | Income Maintenance Transfers ($) |
|---|---|---|---|---|---|---|---|---|
| Cape May County | 1 | $16,805 | 23.47% | 29.55% | $619,485,000 | $425,338,000 | $298,684,000 | $111,944,000 |
| Cumberland County | 2 | $14,279 | 30.52% | 15.98% | $570,906,000 | $511,011,000 | $585,139,000 | $338,095,000 |
| Salem County | 3 | $14,102 | 26% | 19.25% | $311,652,000 | $212,721,000 | $214,627,000 | $103,199,000 |
| Atlantic County | 4 | $13,548 | 24.23% | 19.84% | $1,213,878,000 | $907,567,000 | $814,033,000 | $440,741,000 |
| Ocean County | 5 | $13,433 | 22.64% | 22.55% | $3,424,656,000 | $2,639,014,000 | $1,326,115,000 | $629,369,000 |
| Camden County | 6 | $13,093 | 21.65% | 16.54% | $1,979,929,000 | $1,575,127,000 | $1,837,026,000 | $875,507,000 |
| Essex County | 7 | $12,171 | 16% | 14.34% | $2,316,635,000 | $2,016,698,000 | $3,439,916,000 | $1,741,015,000 |
| Passaic County | 8 | $12,169 | 21.32% | 15.96% | $1,644,350,000 | $1,374,001,000 | $1,735,695,000 | $994,210,000 |
| Warren County | 9 | $11,639 | 18.5% | 19.66% | $511,839,000 | $365,823,000 | $199,433,000 | $92,910,000 |
| Monmouth County | 10 | $11,460 | 12.14% | 19.11% | $2,896,439,000 | $2,101,793,000 | $1,201,880,000 | $453,530,000 |
| Mercer County | 11 | $11,172 | 14% | 16.13% | $1,398,094,000 | $1,005,952,000 | $951,468,000 | $527,924,000 |
| Burlington County | 12 | $11,049 | 15.68% | 18.31% | $2,008,410,000 | $1,344,332,000 | $782,209,000 | $375,852,000 |
| Sussex County | 13 | $10,833 | 15.11% | 18.87% | $683,521,000 | $455,834,000 | $193,524,000 | $82,033,000 |
| Gloucester County | 14 | $10,743 | 17.22% | 16.81% | $1,256,936,000 | $883,577,000 | $486,588,000 | $278,725,000 |
| Hunterdon County | 15 | $10,283 | 10% | 20.9% | $631,442,000 | $386,834,000 | $137,151,000 | $47,693,000 |
| Union County | 16 | $10,020 | 13% | 15.19% | $1,781,419,000 | $1,252,190,000 | $1,443,498,000 | $659,663,000 |
| Hudson County | 17 | $9,947 | 13.68% | 12.83% | $1,370,714,000 | $1,401,623,000 | $2,370,348,000 | $1,169,017,000 |
| Bergen County | 18 | $9,880 | 10.17% | 18.26% | $3,679,725,000 | $2,717,683,000 | $1,410,448,000 | $595,599,000 |
| Middlesex County | 19 | $9,390 | 13.23% | 16.2% | $2,885,277,000 | $2,113,069,000 | $1,451,588,000 | $706,075,000 |
| Morris County | 20 | $9,303 | 8.34% | 18.22% | $2,078,016,000 | $1,374,746,000 | $612,386,000 | $211,918,000 |
| Somerset County | 21 | $8,613 | 7.78% | 17% | $1,296,996,000 | $764,380,000 | $419,732,000 | $181,463,000 |
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