The USA and Chin have the highest debt in the world but i don’t understand the concept of them being some of the wealthiest countries, does that debt need paying off? How do they get this debt? Ultimately it just doesn’t make sense to me.
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The same way rich people can have debt – Just because they have a high paying job/ wealthy economy doesn’t mean they are wise with money or spend less than they make.
That’s a drastic oversimplification though.
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