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It is not. https://tradingeconomics.com/country-list/private-debt-to-gdp https://tradingeconomics.com/country-list/private-debt-to-gd... The widespread use wit
by RamblingCTO 8mo ago
It is not. https://tradingeconomics.com/country-list/private-debt-to-gdp https://tradingeconomics.com/country-list/private-debt-to-gd...
The widespread use with "buy now pay later" also counters your wildly baseless claim. Klarna, PayPal 30 days etc.
- Hikikomori 8mo agoJust because you have to use Klarna doesn't mean you pay later as you can just select your debit card or even bank account directly.
- RamblingCTO 8mo ago... I know. But what do you think I meant when I said "Klarna" in the context of this discussion?
- LunaSea 8mo agoYour link counts all types of debt including mortgages which is the reason why Luxembourg comes up first.
- RamblingCTO 8mo agoThe argument was, at least how I read it, that europe doesn't rely on credit that much. My argument is: we do. We just don't have 20 credit cards at a 45k debt level. But we have enough other stuff.
- LunaSea 8mo agoSure, but mortgages are backed by an asset whereas credit card debt isn't.