Financial problems ensue when individuals or households have to use a large fraction of their resources to pay for health care, which can threaten the living standards either in the short term, as the immediate consumption of other goods and services must be sacrificed, or in the long term, as assets must be diverted, savings depleted or debt accumulate[ 1].
More than five years of George Osborne's budgets have left young Britons with mounting student debt, depleted housing benefits, and cuts to youth employment and wage support, as millennials continue to weather the fallout from the financial crisis.
Official tells how one man withdrew equity from his home through a cash machine, shows the booth where the equity of that house was depleted, shows the debt letter--what's left after the transaction.
The resulting debt crisis depleted the reserves of the Central Bank in about a month.
The bank's capital ratio was being steadily depleted by a torrent of bad debts.
James's last decades were not prosperous, and the debts of young Payne Todd depleted the family's resources.
"The world economy was brought down by derivatives and bad debt," he writes; "music has been depleted of meaning through derivativeness and indebtedness".
Westchester Medical Center is on the brink of insolvency, despite the county's backing of about $260 million in debt, including an $85 million credit line, now depleted.
By November 17, the Red Cross funds were depleted funds needed to keep the organization out of debt were $38 million below what was required.
According to the report, the company's $1.8 billion bond debt is so burdensome that its interest payments entirely depleted the company's operating income last year, contributing to an $87.3 million loss.
