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New Jersey Has Lots of Millionaires, but They Can't Save a Dime.
Byline: Bob Ivry
Apr. 25--The doctor from North Jersey is a millionaire. But some months, after paying all the bills, he looks at his checking account balance and he shakes his head.
There's nothing there.
"You start sweating because you've got to do the math correctly or else you'll bounce a check," he says with a joyless laugh. "You need the buffer."
Never have so many had so much. Northeastern New Jersey ranks seventh in the country in the geographic concentration of people like the doctor, with a net worth of $1 million or more, according to the Spectrem Group, a market research firm. In Bergen County, 1,965 households had an ...
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