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A comment on The Danish Don't Have the Secret to Happiness.

Re:The Danish Don't Have the Secret to Happiness by adventured on Saturday January 31, 2015 @08:59PM (#8978890)
Does anyone have an opinion on why Denmark has such a high household debt to income ratio [1]? At 300% plus debt to income, they're basically the most indebted households on earth. Debt per adult is 4th highest in the world [2]. The median wealth per adult is similar to the US, but they're carrying twice as much debt [3].

That would seem to be an extreme threat to future happiness. It seems very out of place with the culture.

[1] http://www.bloomberg.com/news/articles/2014-01-06/world-s-hi...

[2] http://en.wikipedia.org/wiki/List_of_countries_by_wealth_per...

[3] http://angrybearblog.com/2014/10/u-s-median-wealth-up-from-2...

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Re:The Danish Don't Have the Secret to Happiness by petermonsson on Sunday February 01, 2015 @02:58AM (#8979459)
The current 30 year interest rate on housing is 2%. That is a fixed rate if you take out a loan. The financial markets are extremely confident in Danes abilities to pay off their debt. Denmark is a safe haven for bonds just after Switzerland.
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Re:The Danish Don't Have the Secret to Happiness by cylinder on Saturday January 31, 2015 @11:08PM (#8979130)
Same with Australia, for a supposedly "laid back and happy" place they are all loaded up with big mortgage obligations just to be able to have shelter.
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