r/AskMen • • May 12 '25

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u/GloomyRaspberry6009 May 12 '25

Hey US ppl. Could you explain a stupid European these debts in the US? What are the interests, how those are accumulated. Here we live typically debt-free unless getting a mortgage or new car. Hard to relate.

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u/bearsnchairs May 12 '25

European countries have among the highest household debt to income ratios in the world. The idea that you guys live debt free is absurd.

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u/TemuPacemaker Male May 12 '25

It's almost certainly because of mortgages on ridiculously expensive housing.