Re:We're Rich, You're Not. End of Story.
by yardie on Tuesday November 03, 2009 @05:47AM
(#919050)
You do realize the US has one of the highest debt to income ratios in the world. So while your friends aren't drowning in debt, the picture for the rest of the country doesn't look so rosey.
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Re:We're Rich, You're Not. End of Story.
by scotch_drinker on Tuesday November 03, 2009 @09:02AM
(#919258)
Got a link? It doesn't seem quite as clear cut as you paint it.
http://www.creditloan.com/blog/americans-debt-to-income-rati...
The article you linked to does only look at static data. That’s to simplistic. What if you factor some dynamic data into that equation?
For example Germany: this country exports about 20% more of value than it imports per year, while the US imports about 60% more of value than it exports. https://www.cia.gov/library/publications/the-world-factbook/...
Doesn’t look so bad for Germany anymore if you consider there will be a tomorrow, does it?
I know, this is a simplification to, but it’s up to you to investigate further using a little more trustworthy source than something like “Loans & Debt Consolidation - Get Cash NOW!”