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Hedgeye NexGen: Building Wealth for Young & New Investors | Episode 6 | Debt (Part 2)

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The Debt Dilemma: Unpacking Financial Literacy

This chapter explores the alarming state of financial literacy in the U.S., revealing that only 48% of Americans understand personal finance concepts, such as borrowing and risk management. It emphasizes the pervasive issue of debt, with eight out of ten individuals living paycheck to paycheck, and examines the complexities of managing debt, especially in relation to long-term financial strategies. Additionally, the chapter discusses the implications of various debt categories, including mortgages and student loans, and the critical need for enhanced financial education.

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