[ dˈɛt ɛksplˈə͡ʊʒən], [ dˈɛt ɛksplˈəʊʒən], [ d_ˈɛ_t ɛ_k_s_p_l_ˈəʊ_ʒ_ə_n]
How to use "Debt explosion" in context?
When it comes to borrowing money, the average person tends to think of it as a necessary evil. There are bills that need to be paid, groceries that need to be bought, and utilities that must be covered. But what happens when those bills keep piling up, and the person cannot seem to get out of debt? This is where the debt explosion comes in.
Simply put, a debt explosion is a situation in which a person's debt levels increase quickly and significantly. This can be the result of a number of different factors, but the most common culprit is debt accumulation.
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