Household Debt Soars to 45.5% of GDP: Who Needs Savings?

Alright, squad, hold onto your wallets! Household debt just skyrocketed to 45.5% of GDP, and non-housing loans are flexing hard at 58.4% of all borrowings. Seriously, are we just buying depreciating assets like they’re the latest fashion? But wait, there’s a silver lining: more prime borrowers are entering the chat! India is now 4th in the debt Olympics, trailing behind Malaysia and Thailand. Buckle up, this debt ride is just getting started!