Chitchat Highest HouseHold Debt Nations

[Pinkieslut]

South Korea highest in Asia.

 

[bodycells]

So sinkie, what does that mean?

 

[eatshitndie]

i'm helping the sinkie cause by sharing a hdb room, surviving on $696 a month, working as jaga, and cycling to work.

 

[johnny333]

...South Korea highest in Asia.

Without the labels describing what the numbers mean it is difficult to understand the data?

 

[Pinkieslut]

Without the labels describing what the numbers mean it is difficult to understand the data?

First Column of numbers represent Debt to GDP %

 

[frenchbriefs]

This shows the economies of australia,swissland,netherlands,denmark,norway,canada,sweden are still expanding,times are still good.although they need to watch their spending abit,cut down on the gluttony and consumerism.

while on the other hand economies of america and singapore have fallen off a cliff or sinking like titanic,america's household debt was 100 percent during financial crisis 2008 now its fallen to 78 percent,this shows people are more unwilling to spend,pile on the credit card debt or take out mortgages anymore,times are bad and the money is now flowing.

 

[johnny333]

In some of the angmo countries you don't have to worry about the crushing cost of medical care because they have a healthcare insurance e.g. Australia, Canada,...
So debt is limited to mortgage, car loan, student loan, & credit card debt .

I'm surprise that Sporean isn't among the top? Most Sporeans have long term debt for mortgage, car & credit card. As well as we have to pay high rates for utilities, ERP,....etc. Sporeans wages are also really not that high except for some civil servants.

 

[no_faith]

Comparing the population, consider accurate?

 

[winnipegjets]

This shows the economies of australia,swissland,netherlands,denmark,norway,canada,sweden are still expanding,times are still good.although they need to watch their spending abit,cut down on the gluttony and consumerism.

while on the other hand economies of america and singapore have fallen off a cliff or sinking like titanic,america's household debt was 100 percent during financial crisis 2008 now its fallen to 78 percent,this shows people are more unwilling to spend,pile on the credit card debt or take out mortgages anymore,times are bad and the money is now flowing.

The higher debt is because of mortgages ...people are buying properties like crazies.

 

[ckmpd]

So sinkie, what does that mean?

Most young SG families are in huge debt because of the high price of housing and high living cost

 

[syed putra]

Ita not so bad. South korea highest in asia? I thought its malaysia.