Peak debt
id:
peak-debt-313-18104721
title:
Peak debt
text:
Peak debt is a term meaning borrowing limit, in the same way peak water is a term meaning water limit. Peak debt is the stage at which an economy or an individual's debt servicing costs become so high relative to income that spending must slow down or stop. The term 'peak debt' was coined by Jaswant Jain PhD in 2006. Jain concluded that debt will eventually reach a limit at which point consumption must be reduced to pay the debt and interest. This reduction in consumption will inevitably have a
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wiki
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Peak_debt
date created:
date modified:
2022-09-02T06:52:03Z
main entity:
{"identifier":"Q7157852","url":"https://www.wikidata.org/entity/Q7157852"}
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13
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