Debt accumulation refers to the process by which an individual or entity incurs more and more debt over time. This can happen through a variety of means, such as taking out loans for large purchases like homes or cars, using credit cards to make everyday purchases, or borrowing money from friends and family. As debts accumulate, the amount owed grows larger and larger until it becomes difficult to manage or pay off. Debt accumulation can have serious consequences if not managed properly, including damage to one's credit score, legal action by creditors, and financial stress that impacts other areas of life.