ilmscore | Prediction Details
"now I would Define High interest debt as anything above eight percent interest some people say six percent others say 10 the reason I chose eight percent is because historically when investing in the stock market you can expect to earn about 10 annually and when you adjust this for inflation it's around eight percent so to me anything above what you could earn in the stock market is going to be high interest debt"
By Nischa | May 21, 2023 | Pending
From video
ACCOUNTANT EXPLAINS: The Optimal Order of Investing Your Money 00:02:22 - 00:02:46
Interpreted Prediction
High-interest debt is defined as any debt with an interest rate above 8%, as this is the approximate historical inflation-adjusted return of the stock market.

Prediction Details

Topic
High-interest debt definition

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