We all hear about our national debt being 100% of GDP.

That got me thinking......I bet most folks on this board are close to or passing that.

So, be honest......what is your DEBT to GDP. Include every single penny of debt. You loans, your house, your vehicles, credit cards..everything.

I'm at about 60%, and that is only because my house is nearly paid off.

Finally, I'm not talking about how much your payments add up to as a percentage of monthly income.

Take all your debt.

For instance......say you make 60,000 a year combined income.

Say you owe 60,000 on your house
Say you owe 10,000 on your car
Say you owe 5,000 on your other car.
Say you owe 5,000 on your boat
say you owe 5,000 on various credit cards.

So totally, you have 85,000 in debt......

With 60k in income (GDP), you are at 140% debt/income. You're worse off than Greece.

I only bring this up because I was reading an article that stated that most middle income Americans are over 100%

Later,

Geo