re: Global debt at worst levels since the Napoleonic Wars

The average American mortgage is around $250K. The average income of American home owners is around $107K last year. This means the average homeowner, if their mortgage is their only debt, is close to 2.5 more than their income. The nation over all is at what, 2 times more? Its all about perspective. Most of the nations debt is owed to folks with 401Ks. About 70% of it is owed to Americans who loaned the money to the US because it is, was and will be for the foreseeable future, the safest investment available. The debt is bad...compared to the nations income it is far better than most families....and compared to the collective wealth of the US? It ain't nearly as bad as any family I ever knew. Its all about perspective. The number is massive..tolo big to wrap your head around...but in comparison to what individuals owe compared to income and their wealth it is miniscule as a %.....