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.
In: Other
It’s similar to how richer people have bigger debt. They have more leverage to borrow more money and enough income to keep up with interests. They need more debt because their house/expanses cost more, etc.
Latest Answers