Larger household debt burdens than existed in the U.S. or the U.K. at the peak of the credit bubble.

Larger household debt burdens than existed in the U.S. or the U.K. at the peak of the credit bubble.

Larger household debt burdens than existed in the U.S. or the U.K. at the peak of the credit bubble.

The “real” unemployment rate is more like 13%, and the case can be made that it’s as high as 22%.