2 ms·
Is that really that problematic? Most households have more debt (mortgage) than their yearly economic output.
by bagels 3y ago
Is that really that problematic? Most households have more debt (mortgage) than their yearly economic output.
- rjbwork 3y agoMost households with a mortgage are also not, on a yearly basis, severely outspending their income. The problem is not necessarily the debt - it's the debt plus the deficit.
- onlyrealcuzzo 3y agoIt's probably a problem if you're borrowing money and getting nothing in return and making future generations pay for it. It's subjective if you think our borrowed spending is causing more harm than good.