View Single Post
Old 01-09-2019, 01:06 PM   #4458 (permalink)
aerohead
Master EcoModder
 
aerohead's Avatar
 
Join Date: Jan 2008
Location: Sanger,Texas,U.S.A.
Posts: 16,298
Thanks: 24,427
Thanked 7,381 Times in 4,779 Posts
personal debt

Quote:
Originally Posted by redpoint5 View Post
So the first graph is a combination of both public and private debt, and it includes mortgage debt? Seems about right. Public debt in the US is just above GDP (we collectively owe just over a whole year of productivity), and then personal debt is huge too.

Japan must be banking on being future rich to cover their liabilities. I saw a lot of medical students living "future rich" lives while in school. Burning through $100k per year in borrowed money didn't prevent vacation travel abroad.
Last night,they mentioned that US credit card debt alone,was near $4-trillion.
And average US savings was below $1,500.
__________________
Photobucket album: http://s1271.photobucket.com/albums/jj622/aerohead2/