Cybargs wrote:
HITNRUNXX wrote:
CapnNismo wrote:
Well you have that in the USA, but it's a very different society here in Europe (thankfully).
Actually, he is correct...
US average credit card debt = $8,400
British average credit card debt = $5,000
European average credit card debt = $2,400
So the Brits are most like us, but all of Europe is well below us in average debt...
Consider debt as % of income.
But their governments is way more in debt
Oh good point...
(These numbers vary some depending on source, but the most accurate source I could find was from the World Bank in 2005.)
(All converted to US dollars)
US average individual income = $56,400
British average individual income = $41,200
European average individual income = $28,600
So using those numbers:
US = 14.8%
Britain = 12.1%
Europe = 8.4%
... SO that didn't really turn out like I expected, and it still fits into Nismo's argument.