 Out of the total population, 1.4% of those under the age of 18 and 2.3% of those 65 and older were living below the poverty line.The borough was the world headquarters of Ingersoll Rand until the company moved in 2004, after which its property was taken over by the North American headquarters of BMW.The borough is also the corporate headquarters of Perillo Tours, which consists of an elaborate Italian revival where Richard Nixon had an office after his Presidency.