News for hackers. Stuff that matters.

A comment on Student Loan Pause Is Ending, with Consequences for Economy. Parent comment

Re:Student Loan Pause Is Ending, with Consequences for Economy by stevefan1999 on Friday June 23, 2023 @10:57PM (#36455027)
That's why USA is also one of the most indebted country because people didn't spend money wisely. This is caused by the consumerism trend over the last 40 years. And consumerism is what capitalism always wanted. So the very problem is capitalism itself
[ Parent | on HN ]
Re:Student Loan Pause Is Ending, with Consequences for Economy by hsjqllzlfkf on Friday June 23, 2023 @11:09PM (#36455097)
> That's why USA is also one of the most indebted country

By what metric? I just looked it up[1], and by % of GDP the USA is the 44th most indebted at 96%, between Tunisia and Guine-Bissau. 96% is quite low amongst first world countries.

[1] https://en.m.wikipedia.org/wiki/List_of_countries_by_externa...

[ Parent | on HN ]