The Problem
People around the world face the same growing problem — personal debt. With online shopping, social media ads, and one-click purchases, it's never been easier to spend and harder to save. As schools and other institutions across the globe fail to teach financial literacy, a generation is drowning in debt — and no one is showing them how to swim.
This chart shows how global household debt has reached record highs. Around the world, ordinary people are carrying record levels of personal debt, driven by constant consumption and digital pressure. What used to be a banking problem has become everyone's problem.
Evidence
- IMF * - Global Private Debt Database (2024)
- OECD ** - Household debt in OECD countries
- Macroeconomic Determinants of Household Debt in OECD ** Countries
- Federal Reserve Bank of New York - Household Debt and Credit Report
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* International Monetary Fund
** Organisation for Economic Co-operation and Development