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Question: If you were given $10,000 tax-free and had the ability to invest all of it in one of the following options, which would you choose?
The original article has been edited here for length (…) and clarity ([ ])
Here are the results of the sample as a whole:
| How to Invest $10K? | % of Respondents |
|---|---|
| Pay down debt | 27.3% |
| Real estate | 13.5% |
| Savings account or CDs | 12.2% |
| 401(k) or Roth IRA | 9.9% |
| Stock market | 7.2% |
| Child’s education | 6.9% |
| Small business | 6.2% |
| Virtual currency | 5.1% |
| Education | 3.2% |
| Other/Unsure | 8.5% |
Paying down debt (27.3%) was by far the most popular response. It’s also interesting to see that many people would opt to put the $10k towards their own small business, education, or even digital currencies like Bitcoin, Ethereum, or Litecoin.
Now, here’s the same data grouped together by generations:
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Now it’s sure to raise the ire of goldbugs that precious metals, as an asset class, weren’t considered worthy of inclusion on this list as anything more than “Other.” Why? This could get interesting.