South Korea is among a handful of developed countries to have seen its household debt burden INCREASE amid pandemic economic woes and global interest rate hikes https://t.co/PtkTjjMcBUpic.twitter.com/tcNVzFwlhE
That report is grossly inaccurate. “Household Debt” including credit cards, food and fuel prices, and inflation. It is dramatically up over the last 3.5 years in the USA…
Maybe Government employees and the very rich have no concept of that.
Last edited 4 hours ago by setnaffa
Korean Man
1 hour ago
Is it a surprise when the US is stealing all the Korean jobs and hollowing out the country? Korea needs a Lee Jae Myung to make Korea great again.
Liz
37 minutes ago
Well, I didn’t really investigate but I know that if one’s household is 90 percent in debt and goes another 10 percent into debt that is less of a debt increase than if one is zero percent in debt and goes 10 percent into debt during that same time period.
And I’ve been being told that inflation is getting better while I’m seeing the prices rise…though not as quickly as 100 percent in 10 months like before.
So I assume the math here is sketchy.
Seems a safe assumption.
That report is grossly inaccurate. “Household Debt” including credit cards, food and fuel prices, and inflation. It is dramatically up over the last 3.5 years in the USA…
Maybe Government employees and the very rich have no concept of that.
Is it a surprise when the US is stealing all the Korean jobs and hollowing out the country? Korea needs a Lee Jae Myung to make Korea great again.
Well, I didn’t really investigate but I know that if one’s household is 90 percent in debt and goes another 10 percent into debt that is less of a debt increase than if one is zero percent in debt and goes 10 percent into debt during that same time period.
And I’ve been being told that inflation is getting better while I’m seeing the prices rise…though not as quickly as 100 percent in 10 months like before.
So I assume the math here is sketchy.
Seems a safe assumption.