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Got a link? It doesn't seem quite as clear cut as you paint it. http://www.creditloan.com/blog/americans-debt-to-income-ratio-as-compared-with-other-countries
by scotch_drinker 17y ago
Got a link? It doesn't seem quite as clear cut as you paint it.
http://www.creditloan.com/blog/americans-debt-to-income-ratio-as-compared-with-other-countries/ http://www.creditloan.com/blog/americans-debt-to-income-rati...
- mpf62 17y agoThe article you linked to does only look at static data. That’s to simplistic. What if you factor some dynamic data into that equation? For example Germany: this country exports about 20% more of value than it imports per year, while the US imports about 60% more of value than it exports. https://www.cia.gov/library/publications/the-world-factbook/index.html https://www.cia.gov/library/publications/the-world-factbook/... Doesn’t look so bad for Germany anymore if you consider there will be a tomorrow, does it? I know, this is a simplification to, but it’s up to you to investigate further using a little more trustworthy source than something like “Loans & Debt Consolidation - Get Cash NOW!”