re: If the average middle-class American

quote:

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Were given $1 million. What should their next move be?
I would assume 90% of the middle class would have no clue what to do with that kind of money.

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It's a more complicated question because we don't have an age to factor in. I don't know how old the average middle class American is... 35 or 40 maybe?

But in any case, I'd say that eliminating consumer (including student loans) and primary residence debt should be at the top of anyone's list. After that, the investing and spending sides would depend on age, family situation, current financial status and life goals.