vicious cycle of debt
The term "vicious cycle of debt" refers to a situation where an individual or organization becomes trapped in a continual, self-perpetuating cycle of borrowing, resulting in increasing debt burdens and financial difficulties.
Requires login.
Related Concepts (1)
Similar Concepts
- debt accumulation
- debt dynamics
- debt snowball method
- debt trap
- revolving debt
- vicious circle of inequality
- vicious circle of negative thinking
- vicious circle of procrastination
- vicious cycle of addiction
- vicious cycle of loneliness
- vicious cycle of low self-esteem
- vicious cycle of poverty
- vicious cycle of stress
- vicious cycle of unemployment
- vicious cycle of violence