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First, the scale of indebtedness is higher.
To all this is added less measurable, longer-term anxieties: that workplace security is getting weaker, that whatever is bad now will be worse for the next generation; that the new scale of indebtedness, gargantuan mortgages for those who can get them, student debts running to billions, will result in a new kind of servitude – but to whom?
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The scale of professional indebtedness is mind-boggling.
More alarming, the scale of the coming indebtedness might ultimately induce governments to default or to cut the real cost of their debt through high inflation.Investors have been fretting on both counts.
The IFS also highlighted how the poor performance of the economy had led the the OBR year after year to cut its forecasts for economic growth, and to raise its forecasts for the deficit, for total government indebtedness, and for the scale of spending cuts needed to bring its finances back under control.
Bonds are merely certificates of indebtedness.
There is no transitive property of indebtedness.
The era of indebtedness began with a cultural shift.
But he recoiled from any hint of indebtedness.
But the country has long had pockets of indebtedness, too.
Today we are living in an era of indebtedness.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com