reply to post by 13th Zodiac
Cool, I live is Switzerland, the home of banking and where every citizen has to keep an assault rifle in their closet.
Does this mean I need to learn to ski?
Hong Kong’s economic freedom score is 90.1, making it the top-rated economy in the Index for the 20th consecutive year. Its overall score is slightly better than last year due to improvements in government size and regulatory efficiency that offset a decline in freedom from corruption. Hong Kong is ranked 1st out of 42 countries in the Asia–Pacific region and 1st in the world.
Based on average USD exchange rates since 2000, Denmark, Norway and Switzerland top the league table for household debt per adult in 2012, with values above USD 100,000 (see Figure 4 above). This is roughly twice the level seen in Canada, Sweden, the USA, the UK and Singapore, with Ireland and the Netherlands sitting between the two groups. By these standards, the average debt per adult in Spain (USD 31,200), Portugal (USD 25,800), Italy (USD 23,900) and Greece (USD 19,000) looks quite modest.
Figure 4 also shows that average debt per adult increased during 2000–07 in all the high debt countries apart from Germany, where average debt has been flat, and Japan, where household debt has declined – possibly due in part to the ageing population, given the negative relationship between debt and age. Countries with the highest debt per adult showed little tendency towards debt reduction in the aftermath of the financial crisis: Ireland, the USA and Hong Kong are the main exceptions. Apart from Germany and Japan, only Hong Kong and Singapore have debt levels in 2012 which are close to the levels recorded at the start of the millennium.
Expressed as a fraction of net worth, household debt is typically 20%-30% of wealth in advanced economies, but much higher levels are sometimes recorded, for example in Ireland (44%), the Netherlands (45%) and Denmark (51%).
I'm Denmark! Yay! I guess...
I googled Denmark and found out they spend 9.8% GDP on universal healthcare..
The US has 15 trillion GDP. Ten percent of witch is...
1.5 trillion... Thats a bunch of money..
Wonder if that means anything?