Debt-ridden

Adjective describing a state of being burdened by or heavily encumbered with debt. A debt-ridden individual, organization, or nation often faces significant financial challenges, resulting in diminished financial freedom, increased stress, and potential insolvency. This term conveys a persistent struggle with financial obligations, often leading to a cycle of borrowing that exacerbates the original problem.

Debt-ridden meaning with examples

• After years of poor financial planning and excessive spending, the family became debt-ridden, which resulted in constant anxiety and a lack of resources for necessary expenses. Desperate for relief, they sought financial counseling to explore debt consolidation and other options that could lead them out of their overwhelming situation.
• The debt-ridden company had to make harsh decisions, including laying off employees and cutting essential services to stay afloat. Investors were losing faith as reports of the company's finances revealed a spiraling cycle of debt that seemed impossible to reverse, raising concerns about its future viability.
• Amid the global economic crisis, many countries found themselves debt-ridden, struggling to manage their financial obligations while attempting to stimulate growth. This situation forced governments to prioritize fiscal responsibility, often leading to tougher austerity measures that affected public services and the welfare of citizens.
• The documentary highlighted the plight of college graduates who became debt-ridden due to student loans, showcasing their struggles to find stable employment and achieve financial independence. Viewers were moved by their testimonies, revealing how this burden affected not only their lives but also their mental health and relationships.