Investing $5,000 at 16 Years-Old (Get Rich as a Teenager)
According to a GoBankingRates survey, American savings have dropped to the lowest point in years. Specifically, the survey found that 50% of Americans had less than $600 in savings, and 57.4% had less than $1000, compared with 69% of Americans with less than $1000 in December 2019. Of course, I’d be remiss not to mention the elephant in the room. And, that obviously, was the devastating global pandemic that seems never to want to end. However, even before that, most Americans didn’t have all that much stashed aside in savings. So, I wouldn’t blame you if you were gobsmacked to learn that there...