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.

  • loathsome dongeater@lemmygrad.mlEnglish
    6·
    2 months ago

    The crazy bit is that this is without Hindutva neoliberalism at its zenith. There is still a lot more impoverishment that can and probably will be done. Meanwhile opposition parties are useless.

  • Hexboare [they/them]@hexbear.netEnglish
    3·
    2 months 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)