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Racial Wealth Gap Is Ballooning In New Jersey, Study Finds

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Racial Wealth Gap Is Ballooning In New Jersey, Study Finds


NEW JERSEY — New Jersey is one of the richest states in the nation, but the money isn’t trickling down equally. This is the conclusion of a recent study, which found that there is a massive “racial wealth gap” that has only gotten worse in the past few years.

On Thursday, the New Jersey Institute for Social Justice (NJISJ) released a report that claims there are serious disparities in wealth among white, Black and Latino/Latina families in the Garden State.

“Due to small sample size and wide margins of error, we do not have sufficient evidence to publish with confidence the estimates of wealth for Asian people in New Jersey,” a spokesperson told Patch.

Read the full study and see its methodology here.

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According to the Newark-based nonprofit, the median household wealth of white families in New Jersey is $662,500, compared to less than $20,000 for Black and Latina/o families.

The numbers are just as bad when examined on a per-person basis, the group says. For individuals, the median net worth of white New Jersey residents is $192,700 – compared with $14,000 and $5,000 for Black and Latino/Latina residents.

Advocates said that the wealth gap has only gotten worse since a similar analysis was done in 2022, which examined data gathered before the COVID-19 pandemic. Since that time, New Jersey’s $300,000 racial wealth gap between Black/Latina and white families has more than doubled to nearly $640,000, the NJISJ reported.

The report also found that there are other serious financial disparities in New Jersey:

HOMEOWNERSHIP GAP – “The statewide homeownership rate for white New Jersey households is 76.6%, nearly double the homeownership rates for Black and Latino/a New Jersey households who have homeownership rates of 41.3% and 40.4% percent, respectively. These disparities in homeownership have changed very little over the past decade.”

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INCOME GAP – “The median household income in New Jersey is $110,100 for white households, but just $76,100 for Latina/o households and $68,900 for Black households.”

POVERTY GAP – “About one-sixth of Black and Latina/o families live below the federal poverty line, together making up over half of all people in poverty in the state – even though they represent about a third of the state’s population. And economic vulnerability is much more widespread than the federal poverty line reveals due to the inadequacy of the poverty line in measuring the true costs of necessities, particularly in New Jersey.”

“We did not come by these Two New Jerseys – a prosperous place for many white households and an economically uncertain one for the majority of our Black and Brown households – by accident,” said Laura Sullivan, director of the NJISJ’s Economic Justice Program.

“Where we are today is the result of choice – patterns created by design through public policies and social exclusions,” Sullivan said.

“We must, at this critical moment, choose better,” Sullivan added.

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Graphic: NJISJ

Send local news tips and correction requests to eric.kiefer@patch.com. Learn more about advertising on Patch here. Find out how to post announcements or events to your local Patch site.



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Winning numbers drawn in Thursday’s New Jersey Pick 6 Double Play

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Winning numbers drawn in Thursday’s New Jersey Pick 6 Double Play


The winning numbers in Thursday’s drawing of the “New Jersey Pick 6 Double Play” game were:

8, 23, 29, 34, 43, 45

(eight, twenty-three, twenty-nine, thirty-four, forty-three, forty-five)

For more lottery results, go to Jackpot.com | Order Lottery Tickets

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San Diego Wave FC Unveils “Balboa Park Kit”: New Community Jersey for 2026 Season – San Diego Wave Fútbol Club

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San Diego Wave FC Unveils “Balboa Park Kit”: New Community Jersey for 2026 Season – San Diego Wave Fútbol Club


 
Wave FC introduce all-new community kit inspired by San Diego’s Historic Balboa Park

Since 1868, Balboa Park has served as the city’s creative commons. Spanning 1,200 acres, the park is home to world-class museums, performing arts institutions, community gathering spaces, and everyday moments that define life in San Diego, from pickup soccer games to family picnics and cultural celebrations. Larger than New York’s Central Park and Chicago’s Millennium Park combined, Balboa Park represents the depth, diversity, and creative energy of the region.

Designed in collaboration with Nike, the bespoke kit draws the park’s historic architecture and vibrant tilework. The sleeve cuffs and collar feature the vibrant colors of pink, orange and blue, and patterns from Balboa Park’s tilework, translating architectural detail into wearable design.

Kaiser Permanente, who continues to serve as the official team physicians of Wave FC, is proudly featured on the front of the Balboa Park Kit for the fifth consecutive season. Additionally, San Diego based global leader in glucose management, Dexcom, the Club’s official glucose biosensing partner, is returning for the third year and will be featured on the right sleeve. The Club’s pride mark, a compass symbolizing direction, unity and purpose, is displayed on the lower left corner of the new jersey.

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To celebrate the launch, San Diego Wave FC will host its 2026 Jersey Launch Event, presented by Jameson Irish Whiskey, tonight, February 26, at Plaza de Panama in Balboa Park, from 4-8 p.m. PT. The free, public event, will feature live entertainment, exclusive access to the Balboa Kit, giveaways, a Fifth Season museum experience, and community activations spotlighting leaders and organizations from across Balboa Park cultural community.

As part of the event, a portion of proceeds from the Balboa Park Kit will be donated to Forever Balboa Park, supporting the preservation, accessibility, and future of the park for generations to come. Fans can donate directly to Forever Balboa Park here. The San Diego Museum of Art will provide a complimentary gift to all Season Ticket Members at gift pickup for fans to use throughout the museum’s Centennial Celebration. Wave FC players will be in attendance throughout the evening, connecting the fans and celebrating the launch alongside the community.

Fans who purchase a Balboa Park Kit at the event or online on the day of launch will receive an exclusive Fifth Anniversary patch, commemorating the Club’s fifth season.

The Balboa Park Kit joins the Altamar Kit as part of San Diego’s full 2026 jersey collection and is now available here. Fans can select “pick up at event” for an expedited entry line at the Balboa Park event.





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Devils Look to Bounce Back in Pittsburgh | PREVIEW | New Jersey Devils

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Devils Look to Bounce Back in Pittsburgh | PREVIEW | New Jersey Devils


THE SCOOP

After a loss on Wednesday to Buffalo, the Devils remain 11 points behind Boston and the Islanders for the final playoff spots in the Eastern Conference. 

New Jersey has now lost four games in a row after having won six out of nine games prior to that. 

They are 12 points back of the Pittsburgh Penguins who sit in second place in the Metro Division. 

The Pens were red hot going into the break, having picked up points in 11 of 12 games (8-1-3) but now head into this next stretch of four to six weeks without their captain and best player, Sidney Crosby, who got injured in the Olympics. 

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Crosby leads the team with 27 goals and 59 points with Evgeni Malkin second in points at 44. Anthony Mantha is second on the team in goals with 20.



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