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Gen Z 'going into debt to finance vacations'
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On this episode of 'Stocks in Translation' we're joined by Jaspreet Singh, CEO of Briefs Media; he's also host of 'The Minority Mindset Show'.
We discuss the alarming trend of millennials and Gen Z going into debt to finance vacations. He explains why this is a dangerous financial practice, using the analogy of "eating flaming hot Cheetos" to illustrate how overspending can quickly spiral out of control.
Jaspreet warns about the long-term consequences of high-interest debt and emphasizes the importance of financial education.
Yahoo Finance's Stocks in Translation, with master statistician Jared Blikre and voice of the people Sydnee Fried, is your essential conversation cutting through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio.
Find this episode's transcripts and more episodes of Stocks in Translation at https://finance.yahoo.com/videos/series/stocks-in-translation/
Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
00:00-Jaspreet Singh on Stocks in Translation
04:10-Millennials going into debt to finance vacations
05:45-Overspending is 'like eating flaming-hot Cheetos'
09:42-The creation of the Fed
13:28-Commercial real estate volumes
21:50-Building wealth in a recession
Yahoo Finance's Stocks in Translation is hosted by Jared Blikre and Sydnee Fried, and produced by Jimi Corpuz and Alexander Frangeskides.
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