The safe level of debt depends on your income, your bills, and how much money you need to save each month.
Whether or not you're at
a safe level of debt learn from the following signs to take some personal debt management actions.
Not exact matches
In the leaked report, the IMF says that Greece's
debts threaten to be unsustainable for decades, and that its financing needs will rise so that they are above the 15 %
of national income
level deemed
safe.
While this may be more reflective
of reality in some eyes, the truth is that carrying this much
debt can put you at a greater risk
of financial trouble, so adhering to a more conservative
level of debt is likely to be
safer and more sustainable over time.
However, it is reasonably
safe to assume that Apple's
debt levels won't cause any sort
of financial crisis.
For Europe,
of course, the problem is not only recession risk but the high
level of debt to GDP, and rising funding costs and default risk reflected in European government bonds (outside
of Germany, which is seen as the
safe haven).
It's probably far easier &
safer to seek out distressed opportunities with low
levels of debt, or even surplus cash on hand.