So I think it reads avg people carry for the year v income for that year.
It is a a very distorted metric tho… Like GDP just give you the measure of what the avg individual would contribute…
You would have to adjust for age etc to really understand what is going on. Also norway is rich it kinda reflects and rest of the well developed countries do too.
Yeah, I was wondering about the US too. Also, I was expecting to see debt:income more like 30%. Am I reading this list wrong?
It is measured to income here in %.
So I think it reads avg people carry for the year v income for that year.
It is a a very distorted metric tho… Like GDP just give you the measure of what the avg individual would contribute…
You would have to adjust for age etc to really understand what is going on. Also norway is rich it kinda reflects and rest of the well developed countries do too.