Kosher Money
How Much Money Does an Orthodox Jew Make Per Year?
Jan 22, 2025
Stacey Zrihen, a seasoned financial coach, takes us through the financial realities of Orthodox Jewish families, drawing insights from a survey of over 3,000 individuals. She discusses income levels, budgeting challenges, and the stress of tuition costs that often feel like mortgage payments. Stacey shares practical strategies for managing money effectively, emphasizing the importance of financial literacy and community support. From simplifying celebrations to planning for retirement, her advice offers hope and empowerment for achieving financial stability.
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Quick takeaways
- The median income reported among Orthodox Jews is around $175,000, revealing economic disparities affecting various demographics within the community.
- Debt is a significant challenge, with two-thirds of respondents carrying debt, often stemming from credit cards and car loans, emphasizing a need for better financial education.
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Income and Financial Survey Insights
A survey conducted among 3,000 Orthodox Jews revealed important details about income levels within the community. The median income reported was around $175,000, with notable disparities in wealth distribution across various demographics. Specifically, about 4% of respondents earned more than $1 million annually, with a greater concentration of wealth in areas such as the Five Towns and Brooklyn. These findings highlight a significant economic divide, bringing attention to the challenges faced by families living in high-cost urban areas.
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