Economic stimulus policies have long been used as a tool to revive or boost economic activity during...
Debt Accumulation
Debt Accumulation is the gradual increase in outstanding debts over time. This can occur due to various factors, including:
- Overspending: Spending more money than one earns.
- Unsustainable borrowing: Taking on more debt than one can afford to repay.
- Rising interest rates: Higher interest rates can increase the cost of borrowing and make it more difficult to pay off existing debts.
- Unexpected expenses: Unforeseen costs, such as medical bills or car repairs, can contribute to debt accumulation.
