Percentage of Population in Debt

Discussion in 'Economy' started by Oneiromancer, Feb 26, 2010.

  1. Oneiromancer
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    Oneiromancer Rookie

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    What percentage of the US population is in any form of debt?

    Also, if you know what this percentage is for other countries, or globally, I'd be interested.
     
  2. uscitizen
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    uscitizen Senior Member

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    100% of the US population is in debt. We all owe a share of the 12~ trillion national debt.
     
  3. mayya555
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    Where can I pay my share of the debt? Is there any account I can wire the amount on? NO? Ough, then this isn't real debt, is it?
     
  4. uscitizen
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    uscitizen Senior Member

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    Wasn't there a spot on the tax forms to contribute to pay off the debt?

    I think it raised $13.82 so far.
     
  5. Oneiromancer
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    Oneiromancer Rookie

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    But does the debt of the government doesn't translate into the debt of the individual? If so, that would mean the average person has a debt of 40.000 dollars.

    What I really meant was, what percentage is individually in debt?
     
  6. uscitizen
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    uscitizen Senior Member

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    I would say over 80%.

    Just a guess though. MOst everyone owes on a car or home at least and most have quite a bit of unsecured debt.

    The ones without debt are mostly the very poor and the very rich.
     
  7. Oneiromancer
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    Oneiromancer Rookie

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    Yes, I suspected the figure would be very high. In fact, I expected it would be even higher. If someone cite a source for the exact cipher, I'd appreciate it. I didn't find anything on Google.

    What does the debt of the government really mean with regards to the debt of the people?
     
  8. uscitizen
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    uscitizen Senior Member

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    In my opinion it means that each of us owes a share of that debt.
     
  9. Oneiromancer
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    Oneiromancer Rookie

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    So… how does government debt turn into individual debt? Where does this debt come from? How do we get from government debt to individual debt?
     
  10. uscitizen
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    uscitizen Senior Member

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    Taxes.
     

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