South Korea is the big exception: households have as much debt relative to their income as Americans and their saving rate has fallen over the past decade from 18% of disposable income to only 4%.

• 韩国是一个大大的例外，家庭的债务与收入之比和美国一样大，而且在过去十年里，储蓄占可支配收入的比例从18%25减少到不足4%25。