Comments: Debt and wealth

There's nothing quite like a healthy dose of rational analysis to remind us to wince when we read the newspapers articles of the debt mountain doom-mongers. Charts 1 and 2 are particularly insightful, capturing the essence of the whole article.

We don't have the granular statistics to prove it, but this paper further lends weight to the statistically supported notion (in the US) that the debt mountain is of less concern because most of the debt resides with the wealthier segment of the population. Thus, looking at the average debt levels is a gross misrepresentation.

Posted by Caravaggio at March 19, 2007 01:41 PM