All Content from Business Insider | What ex-Goldman CEO Lloyd Blankfein says young workers should spend their first $5,000 in savings on by Theron Mohamed
Lloyd Blankfein, who helmed Goldman Sachs during the GFC, said he believed the US was due for another "reckoning" in financial markets.Stephanie Keith—Getty Images/Reuters
Lloyd Blankfein offered his advice on how a young worker with $5,000 of savings should spend it.The former Goldman Sachs CEO told a podcast that life insurance and a used car are two solid buys.Blankfein warned against high-fee accounts and said he wants to be buried with a trading screen.Lloyd Blankfein, the former Goldman Sachs CEO, says young workers with spare cash might want to buy something sensible — and something fun.
Blankfein was asked during the latest episode of the "Financial Tea with Mrs. Dow Jones" podcast for his advice to a 25-year-old with $5,000 in savings.
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