The world’s economies may have improved since the financial crisis, but now more than ever, the world is drowning in higher and higher debt. A new report from the McKinsey Global Institute suggests that the world has added a whopping $57 trillion in debt since the financial crisis. The firm pointed out that all major economies currently have higher levels of borrowing relative to gross domestic product (GDP) versus the year 2007, right before the Great Recession and financial crisis. The net global debt added since then is now projected as a ratio of debt to GDP to be up 17 percentage points. The new total of global debt, as of the end of the second quarter of 2014, is a whopping $199 trillion. This massive number compares to $142 trillion at the end of 2007, and it compares to a mere $87 trillion at the end of 2000.  Debt