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New Jersey Has Lots of Millionaires, but They Can't Save a Dime.

The Record (Hackensack, NJ)

| April 25, 2004 | COPYRIGHT 2004 The Record. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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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