[LunaSea]

Your link counts all types of debt including mortgages which is the reason why Luxembourg comes up first.

[RamblingCTO]

The argument was, at least how I read it, that europe doesn't rely on credit that much. My argument is: we do. We just don't have 20 credit cards at a 45k debt level. But we have enough other stuff.

[LunaSea]

Sure, but mortgages are backed by an asset whereas credit card debt isn't.