New Jersey Suburban Discount Dwindles

Bloomberg's Paulina Cachero joins Scarlet Fu and Tom Keene on "Bloomberg Money." For decades, the family playbook was simple: Keep the high-paying New York City job and move to the suburbs across the Hudson River, where a lower cost of living let parents stretch their paycheck. But these days, the New Jersey suburban discount for families is dwindling. (Source: Bloomberg)

Bloomberg's Paulina Cachero joins Scarlet Fu and Tom Keene on "Bloomberg Money." For decades, the family playbook was simple: Keep the high-paying New York City job and move to the suburbs across the Hudson River, where a lower cost of living let parents stretch their paycheck. But these days, the New Jersey suburban discount for families is dwindling. (Source: Bloomberg)