4 ms·
> 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 someth
by 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.