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Comment on How Does a Country's Debt Affect its Citizens?

If that comforts you, the debt per capita index is pretty much meaningless without any other external factorSwitzerland has one of the worst debt per capita and isn’t a poor country by any means.

The USA also owes over 16T To other countries

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boyi@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago
Still vague to mee. Care to explain on the external factors that make it meaningful?

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- Sethayy@sh.itjust.works ⁨1⁩ ⁨year⁩ ago
  Tbh more or less matters on an intra-country scale, as US could borrow a shitload anytime and pretty much everyone would be happy to take that investment. Investing in the Philippines is much less attractive, and so gives them less spending power
  
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  - boyi@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago
    ok, so. the way I see it the same as in investment. As long the debts can create revenues, you can pile up more debts.
    
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    twistedtxb@lemmy.ca ⁨1⁩ ⁨year⁩ ago
    That’s the way I see it as well. And probably why we don’t see that metric often. GDP is more an accurate indicator of financial stability / purchasing power (although also flawed)
    
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