Latest / Jersey City News Today | 2 Min News | The Daily News Now!
New Jersey’s Wealth Illusion | Jersey News
New Jersey’s households may look rich on paper—with median net worth rivaling Hawaii and Colorado, fueled mostly by home equity—but the reality’s a lot grittier. Strip out the house value, and wealth plummets. Nearly 40% of families can’t afford rent, food, or healthcare. Monthly homeownership costs average over $2,000, and mortgage debt is soaring, leaving many homeowners drowning in hundreds of thousands of dollars in debt. High assets don’t equal financial freedom when debt and living expenses crush everyday budgets. Listen in comfort:Get a discount on a Soli Pillow…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.