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Perspective: The World’s Household Debt

Household debt is the combined debt of all people in a household – including mortgages, car loans, student loans, and credit cards. A significant rise in the level of this debt coincides historically with many severe economic crises. Accredited Debt Relief wanted to find out how big this issue really is today – and how it compares worldwide. Using data from the International Monetary Fund, this infographic shows the combined household debt of countries around the world.

But what’s more insightful is to look at the countries with the biggest household debt as a percentage of GDP. This shows which countries might be facing a household debt crisis in the near future – like Switzerland, Canada, and Australia. So although Americans may have huge levels of debt, they are in a stronger position that other economies worldwide.

The world's household debt in one chartCourtesy of Accredited Debt Relief


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BIZCATALYST 360°
BIZCATALYST 360°https://www.bizcatalyst360.com/about/
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