credit-reliant
[/ˈkrɛdɪt rɪˈlaɪənt/]
adjective
dependente de crédito
1. Dependent on credit or borrowing money to finance operations, purchases, or lifestyle; unable to function financially without access to credit
The credit-reliant economy collapsed when banks stopped lending.
A economia dependente de crédito entrou em colapso quando os bancos pararam de emprestar.
2. Describing a person or business that relies heavily on borrowed funds rather than savings or income
Many credit-reliant consumers struggle when interest rates rise.
Muitos consumidores dependentes de crédito enfrentam dificuldades quando as taxas de juros aumentam.
This term became particularly prominent during financial crises, especially post-2008 in the USA and during Brazil's economic fluctuations. It describes both individual consumer behavior and macroeconomic conditions where growth depends excessively on credit availability rather than productive capacity or savings.
NYC Slang
living paycheck-to-paycheck; maxed out
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