In this video I’ll share with you the average debt by age with shocking results. No matter your age understanding these trends can help you make better financial decisions. We’ll explore various types of debt, including credit card debt, student loans, and real estate and discuss how financial education and personal finance strategies can help you manage and reduce your debt. Looking to get out of debt? I’ll also go over the 7 baby steps by Dave Ramsey. This video aims to provide you with the knowledge and tools you need to take control of your money and achieve financial freedom. Don’t forget to like, comment, and subscribe for more personal finance tips and advice! Let’s get started on your journey to financial wellness together.
0:00 Intro
1:37 Gen Z
3:19 Millennials
4:17 Gen X
6:00 Baby Boomers
7:11 Silent Generation
8:15 Highest Debt By Category
8:58 How To Pay Off Debt
10:07 Summary
11:43 Outro
I have always had a passion for financial security and peace of mind. As a Realtor of 20 years and a premarital mentor for 3 years I have always had the desire to help people in all stages of life. Becoming debt free has become a liberating and satisfying journey. My hope is to help you achieve that same level of freedom and accomplishment. If you find this content useful, please like and subscribe.
DISCLAIMER: I am not a financial adviser. My opinion is based solely on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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Articles: https://www.businessinsider.com/personal-finance/average-american-debt
https://www.fool.com/the-ascent/research/average-household-debt/
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