[RamblingCTO]

It is not. https://tradingeconomics.com/country-list/private-debt-to-gd...

The widespread use with "buy now pay later" also counters your wildly baseless claim. Klarna, PayPal 30 days etc.

[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.

[Hikikomori]

Just because you have to use Klarna doesn't mean you pay later as you can just select your debit card or even bank account directly.

[RamblingCTO]

... I know. But what do you think I meant when I said "Klarna" in the context of this discussion?