ilmscore | Prediction Details
"the average student loan balance for the class of 2021 was 37,574 dollars while the average college graduate earns just fifty five thousand dollars it makes no sense by taking on debt instead of starting your career and being able to invest right away your priority becomes paying down the debt as fast as possible before interest rates increase even further and what most people don't realize is that the amount of time and money needed to pay down debt while you start a career on the low end of the pay grade can sometimes set you back decades in terms of building your wealth"
By Graham Stephan | February 8, 2023 | Pending
From video
The 6 Money Mistakes That Keep You Poor 00:02:41 - 00:03:14
Interpreted Prediction
Taking on student loan debt can significantly hinder wealth building for decades, especially when the average graduate salary is only slightly higher than the average loan balance.

Prediction Details

Topic
Student Loans

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