[owie829]

From an outside perspective the problem of household debt to household disposable income is not a uniquely American problem, nor is it even most acute in America.

Total household debt as a % of net disposable income is 109% in US. European countries with higher levels (in increasing order) are Greece, Spain, Belgium, France, Portugal, Finland, United Kingdom, Ireland, Luxembourg, Sweden, Switzerland, Iceland, Norway, Netherlands, and Denmark.

In Denmark, household debt is 280% of net disposable income. https://data.oecd.org/hha/household-debt.htm