The phrase "debt treadmill" refers to being stuck in a cycle of borrowing money to pay off existing debts, only to accumulate more debt and repeating the process. It implies being trapped in a never-ending loop, struggling to get out of debt.
Sentences with «debt treadmill»
People often find themselves on a debt treadmill, struggling to make the minimum payments and watching their principal balances grow. (greenpath.com)
They feel like they're on a debt treadmill — working hard, but making little progress. (greenpath.com)
If you have already landed on the debt treadmill, and your credit is beginning to suffer, it's time to get help. (creditpilgrim.com)