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Things People Misunderstand About Household DebtJPG

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On a country’s balance sheet, the sum of all financial assets and all financial liabilities are equal

As you can see from the table above, a country’s financial assets and financial liabilities increase equally

The principle that finance works is credit creation

Credit creation increases financial assets and financial liabilities equally

You don’t know these principles, so you’re making a fuss about increasing household debt

Look at the table above

You can see that as much as the financial liabilities increased, so did the financial assets

The above data can be found on the BOK’s economic statistics system – balance sheet

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