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The Debt Trap for Generations | Lance Roberts #Shorts (3/27/23)

(3/27/23) "Teaching our kids to have delayed-gratification is what will separate them from everyone else in that Millennial generation. This whole idea of, 'I can buy now and pay later,' it sounds great, right? You can hav it today. But paying for it later is the hard part because of the interest payments. This is the debt trap that we've gotten an entire generation deeply into that is going to plague them for the rest of their lives. And this idea of 'wealth inequality' is only going to [be exacerbated] over the years, as younger generations take on more and more debt to live well above their means. But we can change that for them. We have to start educating our kids about delayed gratification andn the evils of debt. And fi we do those things, we will build a healthier, more prosperous generation. It's something that we have to do."

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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The latest installment of our new feature, Before the Bell | "Markets Continue to Establish Higher Bottoms" is here:
Our previous show is here: "How to Avoid Financial Exploitation"
Articles mentioned in this podcast:
"Bank Runs. The First Sign The Fed “Broke Something.”"
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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