Another ignorant and sweeping generalisation. Makes me embarrassed to be British. Of course, we handle it so much better than them! No one here at all uses credit or has debt to finance their lifestyles, no, all a nation of financially sound people, even the government, no they don't use debt to finance anything hmm.
Thank you for pointing out another baseless, fact free, lazy attempt to rubbish Americans. As a percentage of income, personal debt is substantially higher in the UK than in the US:
The Consumer Debt Crisis: A Vicious Circle Of Finances, Stress And Health
Around the world, personal borrowing is on the rise. In the U.S. it reached $13.86 trillion in the second quarter of 2019 – more than $1 trillion higher than leading up to the 2008 financial crisis. That’s the equivalent of 109 percent of net disposable income per household. Nearly half of workers in the U.S. carry credit card debt they can’t pay off each month, according to Aon’s 2018 DC and Financial Wellbeing Global Employee Survey.
And the U.S. isn’t alone. In Canada, total household debt stood at C$2.25 trillion ($1.7 trillion) in the second quarter of 2019, or 181 percent of net disposable income per household. In the U.K., household debt – excluding mortgages – reached a new high of £428 billion ($550 billion) in 2018, or 146 percent of net disposable income per household.