Ok, not an exact answer, but… In 2008, John Oliver had a bit that I thought captured the US culture of consumerism. He basically said that many countries could invent or even build an inflatable BBQ - but only Americans would actually buy an inflatable BBQ. Anywho, spending money, independent of whether a person has it, seems to be a cultural phenomenon in the US.
Ok, not an exact answer, but… In 2008, John Oliver had a bit that I thought captured the US culture of consumerism. He basically said that many countries could invent or even build an inflatable BBQ - but only Americans would actually buy an inflatable BBQ. Anywho, spending money, independent of whether a person has it, seems to be a cultural phenomenon in the US.
Country Last Previous Unit Norway 210 206 % Luxembourg 187 182 % Netherlands 181 184 % Canada 171 173 % New Zealand 169 168 % Denmark 169 174 % Sweden 151 156 % Finland 108 112 % Cyprus 97.14 105 % Belgium 95.93 102 % France 95.35 102 % Euro Area 93.09 96.79 %
https://tradingeconomics.com/country-list/households-debt-to-income
Can’t find US on there but I am know it ain’t first.
Debt is the westoid material condition… The quality of life people enjoy requires it.
Yeah, I was wondering about the US too. Also, I was expecting to see debt:income more like 30%. Am I reading this list wrong?