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"But it doesn't help the downward spiral of debt".
This created a spiral of debt that is only now being unwound.
There begins a spiral of debt and people can't get out of it.
"One setback or even a simple mistake can lead to a spiral of debt.
Levity aside, it is a stark illustration of the spiral of debt.
Needy parents should not be forced into this downward spiral of debt, which can leave them feeling hopeless.
Most borrowers do not appear to be climbing out of poverty, and a sizable minority is getting trapped in a spiral of debt, according to studies and analysts.
Similar(4)
At 4.25%, the ECB's policy rate still leaves plenty of scope for downward adjustment.Third, American policymakers, at least, have understood that public money is necessary to counter a spiral of debt-deflation.
In a balance sheet recession, however, the point of fiscal stimulus is not to goose spending per se but to provide the private sector with the income it needs to repay its debts and rebuild its stock of savings without having to cut its spending in a downward spiral of debt-deflation.
Trapped in spirals of debt, we have been encouraged to follow fear-based careers and false goals.
"This is leading them into a spiral of unmanageable debt, as they then struggle to repay their debt as well as pay for basic living expenses.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com