US household debt

[piezoe]

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https://twitter.com/x/status/966667689048662017

"

To say this is not a very helpful chart!, would be a huge understatement. We have to know more about the nominal level of household debt/asset ratio, and how it is distributed..

 

[JackRab]

To say this is not a very helpful chart!, would be a huge understatement. We have to know more about the nominal level of household debt/asset ratio, and how it is distributed..

Exactly...

Compare liabilities with assets... and costs to income... Not just liabilities with income, that doesn't really say anything useful.

 

[digitalnomad]

But it could turn into a problem if the interest rates rise, which is bound to happen in the USA. This may cause households not being able to pay the installments on their loans. The first signs of this are apparently being reported: recently is the number of missed payments on credit card loans in the USA increasing.

As vulturistic as this sounds, I don’t see it as a problem at all. A housing crash is healthy, as it allows the market to reach equilibrium. Teaches the debtors, lenders, and government important lessons, and creates inefficiencies, and opportunities for fiscally responsible people.

 

[sss12]

First of all, these countries are NOT shitty countries.

Second,

And some of these countries' culture believes more in cash, spending only what you have.

..or corruption.

Sorry, it was too easy.

 

[JSOP]

..or corruption.

Sorry, it was too easy.

???