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Rich people have more debt than poor people because they have more ability to repay. The only way debt could truly signify one country is worse off than another
by Noumenon72 4y ago
Rich people have more debt than poor people because they have more ability to repay. The only way debt could truly signify one country is worse off than another is if the situation were unstable (people accumulating debt in a short-term crisis and they will not be able to repay).