New Jersey also has one of the largest racial wealth gaps in the country, with the net worth for white families at $309,000 while for black and Latino families it’s $5,900 and $7,000, respectively.
“There’s a lot of people who are working full time and unable to meet all of their monthly expenses, and because of that they’re not able to save,” she said. “This really prevents people from having not only financial security, it also prevents a lot of people from realizing what their version of the American Dream is.”
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