Sentences with phrase «into unsustainable debt»

Students and those from low - income areas, neither of whom had much experience with credit, would sign up for credit cards and spend their way into unsustainable debt.

Tomorrow, in part three of our four - part series «Why we can't stop spending,» we look at how government policy has aided and abetted Canadians» slide into unsustainable debt.

Not exact matches

It is important to understand how debt payments are managed in order to recognize that whether or not China's debt burden is socialized has very little to do with the resolution of China's debt burden (aside from the fact that it never was «off» the government balance sheet in any meaningful way), just as analysts must recognize that an unsustainable increase in debt is embedded into China's current growth model, and is not an accidental bit of bad luck.

But because these analysts still did not understand that over-investment was a structural problem embedded deeply into the growth model — and not simply the accidental byproduct of occasional outbursts of enthusiasm — they had failed to explain to their clients that an unsustainable growth in debt and a seemingly insatiable demand for iron were simply expressions of the same system.

We urgently need to review this unsustainable funding system which will force students into a lifetime of debt.»

Carrying student debt into your mid-30's (the average student debtor is 35 years old) at a time when you are raising a family (47 % are likely to have dependents) is unsustainable.

The app isn't going to force you to spend less on eating out, for example — it's just going to force you to spend the money you actually have, and not go into debt to sustain an unsustainable habit.