Consumers usually have negative net worth years into their professional life because of the debt accumulated in early adulthood.

Name: Consumers usually have negative net worth years into their professional life because of the debt accumulated in early adulthood.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

This is generally true because many people accumulate debt through student loans or credit card debt in their early adulthood. It takes time for them to pay off these debts and increase their assets, leading to a negative net worth initially.

Consumers Usually Have Negative Net Worth Years into Their Professional