Subject:
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Re: A hypothetical economics question...
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Thu, 28 Feb 2002 21:10:40 GMT
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Viewed:
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197 times
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"Scott A" <eh105jb@mx1.pair.com> writes:
> I'm sure I read that US consumer debt > US consumer savings?
Quite recently, I saw a graph of the net private debt/savings in the US.
Since the second world war, the average debt of US households had
increased from roughly 0% of the household income to around 100% today.
This means that on average, US households have a net debt corresponding
to their yearly income.
I also understand that for households to put saving into the stock
market, is much more common in the US than in Europe.
Fredrik
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Message is in Reply To:
 | | Re: A hypothetical economics question...
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| No way. I spent all my adult life avoiding debt (other than my mortgage - and the rate I pay on that is *less* than I get on my savings). I don't see why I should pay for others getting bank loans to play the stock market. (...) I'm sure I read (...) (22 years ago, 28-Feb-02, to lugnet.off-topic.debate)
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