Corporations and governments are responsible for nearly all the debt, via bond issuance. Most bonds have a fixed coupon, not adjustable rates. When a household

Corporations and governments are responsible for nearly all the debt, via bond issuance. Most bonds have a fixed coupon, not adjustable rates. When a household can sell bonds to investors, then you can logically compare household debt vs corporate/government debt. I know I can’t issue bonds, nobody will buy them! Also, one persons debt is another person’s asset. Yea, some consumers make bad purchasing decisions, that has nothing to do with the ability of corporations and governments to service bond interest payments.