The Most Indebted People in the World - Marcellus
marcellus.in
Not only has the ability of the middle class to consume discretionarily been reduced, but their inability to finance day to day consumption has also led to a rise in their indebtedness

Not Government debt but private debt. This article doesn’t lump together Gov and private debt which is good.

If anything more Government spending which creates Government “debt” is needed to reduce private indebtedness.

  • Hexboare [they/them]@hexbear.netEnglish
    3·
    3 days ago

    I would be more interested in debt by income decile. 30 percent is something government could cop for 3 percent inflationary pressure over ten years (assuming repayment perfectly translates into domestic consumption impacts)