Due to a request by the Economist this graph has been removed.
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Feb 14, 2012
Household Debt as a Percentage of GDP (Developed and Emerging Countries)
You can see in the graph from The Economist (with data from Mckinsey) that the Anglo-Saxon countries have the highest household debt of selected countries. The emerging countries have the lowest household debt. As you were able to see in this post with total debt (government, household, financial and non-financial) Britain was also the country with the highest total debt.
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And I dont suppose you have given any thought to how much of that is mortgage debt have you. The anglo saxon countries have higher debt because anglo saxons prefer to buy their own home.
ReplyDeleteExcept that since they owe so much money, it is not really theirs, but the banks'.
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