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I will never understand this obsession Americans have with debt.
by bakugo 4y ago
I will never understand this obsession Americans have with debt.
- imwithstoopid 4y agohttps://www.imf.org/external/datamapper/HH_LS@GDD/CAN/GBR/USA/DEU/ITA/FRA/JPN/VNM https://www.imf.org/external/datamapper/HH_LS@GDD/CAN/GBR/US... USA is bad but not the worst, this is a global plague
- armatav 4y agoFunny how more debt is green in this IMF chart.
- deleted 4y ago[deleted]
- scottyah 4y agoA dollar today is worth more than a dollar tomorrow. Pair that with American Optimism and trusting the Fed, debt just makes sense. It's basically temporal arbitrage.
- rootusrootus 4y agoI still don't understand this obsession everyone else has with finding reasons to criticize Americans. Especially when it's frequently based on ignorance. The other reply to your comment is pretty instructive. There appears to be a positive correlation between how wealthy a country is and how high the household debt load is.
- jahewson 4y agoChina is almost as bad and Norway and Sweden are worse. Basically, if you have lots of money, you have access to lots of credit.