3 ms·
How come everyone is in debt then? What is median debt?
by derrida 3y ago
How come everyone is in debt then? What is median debt?
- haneefmubarak 3y agoMedian household net worth (assets - liabilities, not including NPV of future cash flows from personal labor income) in the US is $192,900 according to the latest Fed data: https://www.federalreserve.gov/econres/scfindex.htm https://www.federalreserve.gov/econres/scfindex.htm
- mardifoufs 3y agoA lot of European countries have a higher household debt load than the US. Compared to Europe, especially the richer parts of Europe, the US compares favorably: https://en.m.wikipedia.org/wiki/List_of_countries_by_household_debt https://en.m.wikipedia.org/wiki/List_of_countries_by_househo...