PARAMUS - A New Jersey financial advisor and author of "Fighting for Your Financial Future" tells News 12 New Jersey that slow recovery is expected in New Jersey due to government overspending, investments not making returns and a financial crisis looming in Europe.

More than half of the counties in the state saw serious declines. Morris and Camden counties lead the way. Randy Neumann, who has been an advisor for 32 years explains that the US has put out its credit card and is borrowing too much from China.

Neummann says another problem is that people aren't getting the same return on their investments. Neumann advises his clients to keep a diversified portfolio, to be patient and to not panic.