|
1
|
loan
|
Western countries
|
Loans for education, home, and business are common and often necessary in Western countries, requiring regular monthly payments.
|
11
|
|
2
|
loan
|
South Korea
|
In South Korea, there is a social stigma around taking out loans due to the emphasis on financial discipline and honor.
|
5
|
|
3
|
loan
|
United States
|
In the United States, it is common to take out loans for education, home, and car expenses.
|
5
|
|
4
|
loan
|
China
|
In China, familial support and financial stability heavily influence financial decisions, including loans.
|
4
|
|
5
|
loan
|
East Asia
|
In East Asia, loans are widely used through both formal and informal systems, with an emphasis on punctual repayment.
|
2
|
|
6
|
loan
|
Eastern countries
|
In Eastern countries, saving is preferred over taking out personal loans.
|
2
|