a culture of consumer spending/debt abounds in Korea and you may even see it manifest itself stateside with your Korean-American friends. is this what the future holds for the US?
“According to data released by the Bank of Korea last week, South Korean household debt climbed 10.7% in the third quarter from the same period a year ago to a high of 676 trillion won. That amounts to 40 million won, or $29,300, per household.”
-WSJ.com
read the rest here while you can.