Billionaire investor Ray Dalio, recognised globally as the genius behind Bridgewater Associates, the world’s largest hedge fund, extended a word of caution to young adults and their relationship with debt.
Recognising the Debt Crisis Among Millennials and Gen Z
Statistics unveil a worrying trend. Millennials, those aged between 25 and 34, carry an average debt of $42,000 each. Their successors, Gen Z, though only aged between 16 and 20, are already burdened with an average debt of $4,343, as per a CNBC report published a few years ago. With surging interest rates, this debt is becoming even more daunting to manage.
Dalio’s Debt Dichotomy: The Good vs. The Bad
Dalio emphasises the importance of discernment when considering loans. …
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