Reported about 2 months ago
In a recent interview, entrepreneur Grant Cardone highlighted that Americans currently carry the highest credit card debt in history, exceeding $1 trillion, with interest rates surpassing 20%. He emphasized the urgent need for financial literacy in the U.S., suggesting that many individuals lack knowledge on wealth creation strategies. Cardone pointed out that younger generations are accumulating increasing amounts of debt while struggling with declining credit scores, and he advocates for exploring rental property investments over home purchases as a more stable financial move in light of economic challenges.
Source: YAHOO