The Economist on global household debt levels

11/22/12 1:55 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
hubris Edited: 11/22/12 1:55 PM Member Since: 1/1/01 Posts: 103782

11/22/12 2:24 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
Badmonkey Member Since: 6/15/07 Posts: 7459	"Forward!" -Vladimir Lenin You have ignored this user.

11/22/12 2:30 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
ThEUniT 34 Member Since: 12/18/08 Posts: 998	Good Chart, Americans consume much more than most nations. This is evident by grocery shoping.. You have ignored this user.

11/22/12 2:32 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
Pessimist_Pete Member Since: 9/3/12 Posts: 663	This makes no sense. So each household is 90% of GDP? Isn't that billions of dollars per household? WTF is this shit? You have ignored this user.

11/22/12 2:34 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
billid 28 Member Since: 1/1/01 Posts: 25812	niiiiiiiiiiiiice You have ignored this user.

11/22/12 2:34 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
billid 28 Member Since: 1/1/01 Posts: 25813	Pessimist_Pete - This makes no sense. So each household is 90% of GDP? Isn't that billions of dollars per household? WTF is this shit? Lots of household debt. That's what that shit is. You have ignored this user.

11/22/12 2:38 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
buckshot44 572 Member Since: 12/3/10 Posts: 1912	Canada FTW You have ignored this user.

11/22/12 2:42 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
matt murdock 143 Member Since: 1/1/01 Posts: 13749	GDP was roughly 15 trillion in 2011. That means, according to this, total household debt was 13.5 trillion. A staggering number. You have ignored this user.

11/22/12 2:47 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
kanotoa 33 Member Since: 1/1/01 Posts: 33218	Isn't the economist owned indirectly by a Rothschild? You have ignored this user.

11/22/12 2:48 PM

Ignore | Quote | Vote Down | Vote Up

hubris

Member Since: 1/1/01
Posts: 103783

IN THE years before the financial crisis, the rich world was surfing on a wave of private debt. Our interactive guide (updated on September 19th 2012) shows levels of debt as a percentage of GDP for a selection of rich countries and emerging markets. Between the first quarter of 2004 and the first quarter of 2009, private-sector non-financial debt rose by an average of 43% of GDP in the Western countries shown (excluding Germany). Since the crisis the debt burden has spread to the public balance-sheet. The costs of bail-outs and fiscal stimulus, and the effects of slow economic growth on tax revenues, have sent the ratio of government debt to GDP spiralling. The private sector has at least begun to deleverage: private-sector non-financial debt has decreased by eight percentage points on average in the past three years for those same six countries. But there is an awfully long way to go to turn back the clock.

http://www.economist.com/blogs/graphicdetail/2012/09/daily-chart-10

11/22/12 2:52 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
billid 28 Edited: 11/22/12 2:52 PM Member Since: 1/1/01 Posts: 25814	edited. for math. one sec You have ignored this user.

11/22/12 2:55 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
billid 28 Member Since: 1/1/01 Posts: 25815	For Canada that's $43,221 of debt per person including your grandparents and kids. You have ignored this user.

11/22/12 3:01 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
MickColins 87 Member Since: 7/14/08 Posts: 10049	Pshaw, MSNBC, NY Times and President Obama tell me what to think. Your numbers are just voodoo and 1% scaremongering. You have ignored this user.

11/22/12 3:03 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
fanat Member Since: 6/6/02 Posts: 9079	I am sirprised at Canada. You have ignored this user.

11/22/12 3:33 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
Hoffa 4 Member Since: 8/17/00 Posts: 511	That debt includes mortgages, I assume? If so, I think it's important to consider relative housing prices in each country. You have ignored this user.

11/22/12 3:35 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
CavemanDave 47 Member Since: 12/26/05 Posts: 24896	What does it look like when you add the government debt per household? You have ignored this user.

11/22/12 3:39 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
jellyman Member Since: 1/1/01 Posts: 31866	Rates are low so people borrow. I get that. You have ignored this user.

11/22/12 4:14 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
HOLLYWOOD-MO Member Since: 5/30/03 Posts: 33519	The important question to ask is what is considered as part of household debt. Student loans? Car loans? Homes? Credit cards? Healthcare costs? You have ignored this user.

11/22/12 4:20 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
matt murdock 143 Member Since: 1/1/01 Posts: 13751	Household debt is the total consumer debt that the people in a single household have accrued. It includes mortgage debt in addition to credit card debt, car loans, student loans and other outstanding non-business loans. You have ignored this user.

11/22/12 4:25 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
OneScoup Member Since: 4/18/02 Posts: 21329	What is it with British imperial states and consumption? I always wondered this. You have ignored this user.

11/22/12 4:29 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
matt murdock 143 Member Since: 1/1/01 Posts: 13752	I have very little debt, but my wife is a doctor and she has massive debt, far more than she earns. I think student loans really boost the debt to GDP ratio. Student loans debt has surpassed credit card debt in America. You have ignored this user.

11/22/12 4:29 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
billid 28 Member Since: 1/1/01 Posts: 25818	jellyman - Rates are low so people borrow. I get that. Problem is, they stretch themselves and take all the debt they can possbily handle at these low rates. The debts they take on are amortized over 6-40 years... interest rates are at historical lows and are only intended to stay this low for a handfull of years. You have ignored this user.

11/22/12 4:46 PM	Ignore \| Quote \| Edit \| Warn Admin \| Vote Down \| Vote Up \| Delete Post
jellyman Member Since: 1/1/01 Posts: 31877	billid - jellyman - Rates are low so people borrow. I get that. Problem is, they stretch themselves and take all the debt they can possbily handle at these low rates. The debts they take on are amortized over 6-40 years... interest rates are at historical lows and are only intended to stay this low for a handfull of years. Yeah, that's not for me that's for sure. You have ignored this user.

| Share | Email | Subscribe | Check IPs

Reply Post

You must log in to post a reply. Click here to login.

Type:	Standard Video
Source (embed code):
Body: [HTML] [Text]