Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
Ok, not an exact answer, but... In 2008, John Oliver had a bit that I thought captured the US culture of consumerism. He basically said that many countries could invent or even build an inflatable BBQ - but only Americans would actually buy an inflatable BBQ. Anywho, spending money, independent of whether a person has it, seems to be a cultural phenomenon in the US.
Country Last Previous Unit Norway 210 206 % Luxembourg 187 182 % Netherlands 181 184 % Canada 171 173 % New Zealand 169 168 % Denmark 169 174 % Sweden 151 156 % Finland 108 112 % Cyprus 97.14 105 % Belgium 95.93 102 % France 95.35 102 % Euro Area 93.09 96.79 %
https://tradingeconomics.com/country-list/households-debt-to-income
Can't find US on there but I am know it ain't first.
Debt is the westoid material condition... The quality of life people enjoy requires it.
Yeah, I was wondering about the US too. Also, I was expecting to see debt:income more like 30%. Am I reading this list wrong?
It is measured to income here in %.
So I think it reads avg people carry for the year v income for that year.
It is a a very distorted metric tho... Like GDP just give you the measure of what the avg individual would contribute..
You would have to adjust for age etc to really understand what is going on. Also norway is rich it kinda reflects and rest of the well developed countries do too.