3 ms·

And individual debt in America versus Europe?

• alephnerd 5mo ago
  Household debt rates in America are better than most of Western Europe and comparable to Germany [0]. FYI the Nordic states and Netherlands tend to have the highest household debt rates amongst European OECD states [0]. [0] - https://www.oecd.org/en/data/indicators/household-debt.html https://www.oecd.org/en/data/indicators/household-debt.html
  • red-iron-pine 5mo ago
    they also have generous social protections that allow them to handle the associated risk. easy to take on a lil more debt if you know you have healthcare and employment protections.
    • alephnerd 5mo ago
      If so South Korea, Portugal, and Canada wouldn't have Nordic level household debt rates despite have significantly less permissive (and in SK's case functionally non-existent) social safety nets compared to Nordics.
    • flowerthoughts 5mo ago
      Swedish 5y mortgage rates are at about 3.1%. US is at twice that.