Jtotheb@lemmy.worldtoTechnology@lemmy.world•Slopaganda: Coordinated network of inauthentic YouTube channels are pushing secession to Canadians at Alberta and even U.S. annexation.English
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2 days agoThe USA’s debt is about 30 times greater than Canada’s debt. Canada’s total debt is actually lower than the USA’s annual federal deficit. Canada’s *net debt to GDP ratio is far better than the U.S.’s at about 10% compared to over 100%.
Did you specifically mean household debt?
Well I actually just divided $39 trillion by $1.3 trillion all by myself. I made a mistake in my comment and did not state that I was referring to net debt to GDP ratio, which the FRED and IMF and others track. You are correct that gross debt to GDP ratio favors the States. You are also obviously looking right past the column that shows the U.S.’s much larger gross debt, so I’m again curious why you just state “Canada’s debt is higher” when you can see that it isn’t.