Sentences with phrase «severe debt burden»

They then must assume on graduation a severe debt burden, which will hang around their necks for a long, long time.

Not exact matches

This helps explain why our debt burden has not yet triggered what standard economic theory would dictate: a steep decline in the value of the U.S. dollar followed by a severe contraction of the American economy when we found we could no longer afford the foreign goods we like so much.

I believe that being debt free allows you to take a lot more risks in life without having the burden of having to suffer severe consequences for those risks.