Quote:
Originally Posted by The Ghost
Which is why the amount of debt is so high. Keep in mind those $ to Euro & GBP figures are recent. Most people in the US do not travel outside the country, so the foreign devaluation of the dollar means little to them.
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Sure.. can see this can be a reason for the personal debt level. It does not take much to rock that boat on a personal basis with a few large bills and cause severe financial hardship.
No idea to what degree it will have an effect, but bear in mind a low dollar will mean all imports are going to cost more and this will trickle down to end users/consumers to pay the bill. People don't even have to travel to feel the impact of that.
It's amazing that US people are .. think at the top of the list for work hours, but the net income appears so low... unless we got our figures screwed up
