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Many of the reactions here seem rather defensive. Observing that mortgages are the main driver isn’t some takedown of the article. It makes the exact same obser
by nonethewiser 4y ago
Many of the reactions here seem rather defensive. Observing that mortgages are the main driver isn’t some takedown of the article. It makes the exact same observation.
- bkor 4y ago> It makes the exact same observation. I find it highly difficult to figure out what the article is trying to say. This especially as it's trying to say something about private debt vs the welfare system. I don't understand what the article is trying to say, especially the link between welfare system vs mortgages vs debt.
- nonethewiser 4y agoWhat I got out of it is that mortgages are the main driver and that they see a correlation between welfare benefiting young people and higher debt. By contrast countries where the welfare is more focused on the elderly there is less household debt.