|
1
|
debt
|
Japan
|
In Japan, there is a cultural emphasis on avoiding debt and relying on family support for financial discipline.
|
14
|
|
2
|
debt
|
China
|
In China, personal debt is stigmatized and alternative investments and family financial support are preferred.
|
10
|
|
3
|
debt
|
United States
|
In the United States, taking on debt for education, home, or car is considered socially acceptable and often necessary for financial stability.
|
8
|
|
4
|
debt
|
Western countries
|
In Western countries, it is common and socially acceptable to take on debt for education, home purchases, and major expenses.
|
6
|
|
5
|
debt
|
Eastern countries
|
In Eastern countries, there is a cultural emphasis on saving, frugality, and avoiding personal debt.
|
5
|
|
6
|
debt
|
Middle Eastern cultures
|
In Middle Eastern cultures, debt is generally avoided and interest-based debt instruments are forbidden due to Islamic finance principles.
|
3
|
|
7
|
debt
|
Western Europe
|
Debt is widely utilized in Western European culture for investment, education, home financing, and potential returns in corporate finance.
|
3
|
|
8
|
debt
|
finance culture
|
Managing debt strategically is crucial for financial success within the finance culture.
|
3
|
|
9
|
debt
|
Western finance industry
|
Debt management and credit scores significantly influence financial decisions and opportunities in the Western finance industry.
|
2
|
|
10
|
debt
|
Saudi Arabia
|
In Saudi Arabian culture, it is important to avoid debt and uphold financial discipline.
|
1
|
|
11
|
debt
|
Traditional cultures
|
In traditional cultures, carrying personal debt is viewed as a sign of financial irresponsibility and weakness.
|
1
|