What ex-Goldman CEO Lloyd Blankfein says young workers should spend their first $5,000 in savings on

Source: Business Insider

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/ReutersLloyd 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.