Exact(1)
If the burden of debt payments has shifted to older workers through extra taxes on wealth and the interest rate on the debts are low (and they will remain low while there is too much savings chasing too few reliable sovereign bonds assets, like the UK's) then the extra debt burden in a few years is not so costly and it is not just the young paying.
Similar(59)
Illinois is borrowing billions of dollars to catch up on its pension shortfall, and the extra borrowing adds to the state's debt burden.
When Caroline voted to remove bursary grants from poor university students, she burdened me with £12,000 extra debt over the course of my degree," he says.
In bigger economies like Guangdong and Shandong, they are worth only about 8-10% of GDP.These extra fiscal resources make a big difference to the debt burden in some of China's smaller provincial economies.
In June 2017, the Washington Post reported that a single extra year of college increases an average student's debt burden by roughly $68,153.
The extra money, he said, was required to ensure that Greece's €350bn debt burden was reduced to 120% of GDP by 2020 – a figure that is seen as manageable.
In the case of those living in local authority properties, the extra cash raised will go straight to the exchequer and help towards reducing the country's debt burden.
Their debt burden is heavier.
Why does Japan's debt burden matter?
The debt burden varies by location.
The extra debt interest.
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