debt cycle
[/dɛt ˈsaɪkəl/]
nounpl: debt cycles
ciclo de dívida
1. A recurring pattern where a borrower takes on debt to pay off existing debt, creating a self-perpetuating loop of financial obligation
She found herself trapped in a debt cycle, borrowing money to pay interest on her previous loans.
Ela se viu presa em um ciclo de dívida, pegando emprestado para pagar juros de seus empréstimos anteriores.
2. A period of economic activity characterized by increasing levels of debt accumulation across individuals, businesses, or governments
The country entered a debt cycle during the economic boom when consumers and businesses borrowed heavily.
O país entrou em um ciclo de dívida durante o boom econômico quando consumidores e empresas pegaram empréstimos pesados.
3. The phase in a borrower's financial history marked by continuous borrowing and repayment struggles
Breaking free from a debt cycle requires disciplined budgeting and income growth.
Sair de um ciclo de dívida requer orçamento disciplinado e crescimento de renda.
In Brazil, debt cycles are increasingly discussed in financial literacy programs and personal finance media, particularly affecting lower-income populations who rely on credit for basic necessities. In the USA, debt cycles are a major topic in discussions about student loans, medical debt, and predatory lending practices, especially affecting marginalized communities. The concept is central to understanding economic inequality in both countries.
NYC Slang
stuck in the grind / broke AF cycle
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