Comment on How Does a Country's Debt Affect its Citizens?
twistedtxb@lemmy.ca 10 months ago
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.
boyi@lemmy.sdf.org 10 months ago
Still vague to mee. Care to explain on the external factors that make it meaningful?
Sethayy@sh.itjust.works 10 months 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
boyi@lemmy.sdf.org 10 months 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.
twistedtxb@lemmy.ca 10 months 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)