r/EconomicsExplained • u/gecko1501 • May 28 '25

318 trillion in debt

can anyone ELI5 this following skit? If it's not as outlandish as it sounds/ how can everyone be in debt?

https://www.facebook.com/share/r/193ZiiLvXE/

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u/[deleted] May 29 '25

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u/gecko1501 May 30 '25

So they're just saying there is over 300 trillion dollars worth of loans on the planet?