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Probably because you are 24yo rather than from a particular continent https://en.wikipedia.org/wiki/List_of_countries_by_household_debt https://en.wikipedia.or

• mardifoufs 5y ago
  Yeah, the whole "as a European why is America so bad as X" gets especially funny in cases like this. As your link shows, the top 10 countries with the highest household debt to gdp ratio are mostly European. The US isn't doing great but it's not like Switzerland is hell hole so maybe it's not especially bad to have a higher household debt in the first place anyways. The European countries with lower household debt seem to have a higher public debt anyways. And to go a bit off topic here, I'm not American but it's very weird to see the almost alternative reality about how life actually is in (yes even western) Europe on the internet when it's much more bleak in real life. It's okay to be super critical of the US and it's issues but it's mind blowing to me that Europe is seen as an overall superior & a model of what should be done when it absolutely shouldn't be. (And that's not even touching how much more stressful debt is in some parts of europe. In the US the bankruptcy courts and laws make it so much easier to bounce back after a going bankrupt, whereas it can be a completely life shattering experience in the old continent. Unless things changed recently)