Compare the Market analysed data from 35 OECD (Organisation for Economic Co-operation and Development) nations and found 19 had greater household debt than net disposable income.
Denmark found itself right at the top with a whopping household debt of 256.67 per cent in relation to its net annual disposable income.
In monetary terms, the average 2-person Dane household has a debt equivalent to around US$265,946, in comparison to a net annual income of US$103,614.
Norway followed its Nordic neighbour with a household debt of 246.96 per cent, which realises to a debt of around US$300,184 compared to an average disposable income of US$121,552.
The Netherlands rounded out the top three by holding household debt of 235.66 per cent, in relation to its net disposable income.