Europe’s middle class has been strong for 2 decades while America’s was squeezed by an ‘explosion of debt,’ report says

5 comments

1. This article focuses on the growth of mortgage and student loan debt, rather than the cause of the debt. The real problem is that housing and education costs have increased drastically while wages have not. The US middle class has been squeezed out by an accumulation of wealth at the top.

2. Umm no?

   https://data.oecd.org/hha/household-debt.htm

   Americans have less than 1/2 the debt of a Dane or Swede

3. A significant portion of the European middle class would be lower income in the US:

   https://www.pewresearch.org/fact-tank/2017/06/05/through-an-american-lens-western-europes-middle-classes-appear-smaller/

4. Western Europe’s*

   *exceptions apply

5. Is it why Americans worship ‘credit score’ so much?