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How would young consumers invest $10,000? Paying down debt is their top choice.

Jan 22 2020

How would young consumers invest $10,000? Paying down debt is their top choice. In a LendEDU survey, paying down debt was the top way that all generations would invest a windfall by far, with Millennials more likely than Boomers or Xers to focus on reducing their student loan debt. (Younger respondents were also more likely to say they would invest in crypto-currency.) YPulse’s finance and spending monitor shows that 54% of 18-to-37-year-olds currently have some kind of debt, and 36% are paying a monthly student loan bill. (MoneyWise)