American problem is credit they spent too much of what they don't have to live beyond their means and spend the rest of the life paying it off so do not have sa

American problem is credit they spent too much of what they don't have to live beyond their means and spend the rest of the life paying it off so do not have savings. The 25% extra that indians are saving is the 25% that american are using to pay for their education, healthcare and car loans etc.