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Given $10,000 to invest, what would be the #1 choice for millennials?

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ngpf.org

Q:

Managing Credit

QUESTION OF THE DAY

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Managing Credit

Pay down debt

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Here were the top 5 choices:

  • Pay Down Debt (22.4% of respondents)
  • Real Estate (15.1%)
  • Education (9.9%)
  • Virtual Currency (9.2%)
  • 401(k) or Roth IRA (8.5%)

A:

QUESTION OF THE DAY

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FOLLOW-UP QUESTIONS

  1. What would you do if you were given $10,000 to invest? Explain your decision.
  2. What type of debt do you think most millennials would choose to pay down?
  3. Over 9% of millennials would choose to put their money in virtual currency (e.g., Bitcoin). Do you think this is a good decision? Why or why not?
  4. Do you think of “paying down debt” as an investment?