Economy 53,144 Posted November 24, 2017 Share Posted November 24, 2017 http://www.businessinsider.com/these-are-the-countries-with-the-biggest-debt-slaves-2017-1 From real-estate mortgage debt, credit card debt, student loans and auto loans... here is the list of Countries where consumers have been most busy buying things they cant afford Consumer Debt As % of GDP: #1 Switzerland: 127.7% #2 Denmark: 123.6% #3 Australia: 123% #4 Netherlands: 111.3% #5 Canada: 99.8% #6 Norway: 98.9% #7 South Korea: 90% #8 Britain 87.6% #9 Sweden 84.9% #10 USA: 78.8% Link to post Share on other sites More sharing options...
Economy 53,144 Posted November 24, 2017 Author Share Posted November 24, 2017 Keep in mind guys this is consumer debt as a percentage of economy (GDP) Other ways of measuring such as consumer debt against average or median incomes or after tax disposable income can change the rankings! Link to post Share on other sites More sharing options...
Economy 53,144 Posted November 24, 2017 Author Share Posted November 24, 2017 @Luc looks like u guys are even more problematic than us Link to post Share on other sites More sharing options...
River 128,880 Posted November 24, 2017 Share Posted November 24, 2017 We all buy things we can't afford and we give this money to those who can afford anything they want already So sploosh your juice all over me you Riverboy Link to post Share on other sites More sharing options...
Economy 53,144 Posted November 24, 2017 Author Share Posted November 24, 2017 Just now, River said: We all buy things we can't afford and we give this money to those who can afford anything they want already Ppl these days are too impulsive I myself am frugal, debt free and save almost every month Link to post Share on other sites More sharing options...
River 128,880 Posted November 24, 2017 Share Posted November 24, 2017 1 minute ago, Economy said: Ppl these days are too impulsive I myself am frugal, debt free and save almost every month This is true but when a cellphone carrier is giving away deals for iPhone X or something people keep buying and buying and taking loans that the banks gives them and so on.. Wait a few years, you'll see that you have no choice but to be in a debt or to take a loan... things are just too expensive.. I don't have a problem to buy things, money is not an issue (so far), but you never see me with expensive clothes or useless things.. Like I want the Switch and iPhone X, I can have them in a sec, but I don't, I prefer to wait, maybe I can buy them with a discount, second hands etc I'm usually buying things second hand after xmas because people got the same gift twice so they sell it half price So sploosh your juice all over me you Riverboy Link to post Share on other sites More sharing options...
Economy 53,144 Posted November 24, 2017 Author Share Posted November 24, 2017 2 minutes ago, River said: This is true but when a cellphone carrier is giving away deals for iPhone X or something people keep buying and buying and taking loans that the banks gives them and so on.. Wait a few years, you'll see that you have no choice but to be in a debt or to take a loan... things are just too expensive.. I don't have a problem to buy things, money is not an issue (so far), but you never see me with expensive clothes or useless things.. Like I want the Switch and iPhone X, I can have them in a sec, but I don't, I prefer to wait, maybe I can buy them with a discount, second hands etc I'm usually buying things second hand after xmas because people got the same gift twice so they sell it half price U mean when i get my mortgage right? Since i graduated 6 years ago ive only been saving the only year my bank account took a drop was when i bought my car which i payed in full with no financing being frugal while living with ur parents has advantages. But im moving out soon. Im 24 now i need to leave the nest lol Link to post Share on other sites More sharing options...
jayzer 2,507 Posted November 24, 2017 Share Posted November 24, 2017 half of them is in europe follow me in twitter omg Link to post Share on other sites More sharing options...
RAMROD 118,076 Posted November 24, 2017 Share Posted November 24, 2017 Switzerland They bought too much diamonds or something? (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ⁱᵐ'ᵐᵃ ʰⁱᵗ ᵈᵉᶠʳᵒˢᵗ ᵒⁿ ʸᵃ, ˡᵉᵗ'ˢ ᵍᵉᵗ ⁱᵗ ᵇˡᵃᶻⁱⁿᵍ﹗ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
Economy 53,144 Posted November 24, 2017 Author Share Posted November 24, 2017 1 minute ago, RAMROD said: Switzerland They bought too much diamonds or something? Diamonds and Watches... And Premium Chocolats 😁 Link to post Share on other sites More sharing options...
RAMROD 118,076 Posted November 24, 2017 Share Posted November 24, 2017 Just now, Economy said: Diamonds and Watches... And Premium Chocolats 😁 Must be that. Surprised they are #1 honestly. (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ⁱᵐ'ᵐᵃ ʰⁱᵗ ᵈᵉᶠʳᵒˢᵗ ᵒⁿ ʸᵃ, ˡᵉᵗ'ˢ ᵍᵉᵗ ⁱᵗ ᵇˡᵃᶻⁱⁿᵍ﹗ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
FABian 852 Posted November 24, 2017 Share Posted November 24, 2017 Does this represent good debt or bad debt. Im assuming just debt in general. Link to post Share on other sites More sharing options...
LaLuna 12,732 Posted November 24, 2017 Share Posted November 24, 2017 My country at #5, slay Thanks for reminding me of my ever-increasing student loans by the way Link to post Share on other sites More sharing options...
Guest Posted November 24, 2017 Share Posted November 24, 2017 australia is only at #3 basically because of housing and hospitals bc our government likes to raw us Link to post Share on other sites More sharing options...
Economy 53,144 Posted November 24, 2017 Author Share Posted November 24, 2017 31 minutes ago, FABian said: Does this represent good debt or bad debt. Im assuming just debt in general. Its general debt. IT doesnt distinguish between a low 3% mortgage debt or 27% interest credit card debt its just debt in general So this list may not be an exact representation of what places are worst Link to post Share on other sites More sharing options...
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