asked 172k views
25 votes
What reasons might people have to go into debt? Give two examples.
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2 Answers

4 votes
answer:

1. spending a large amount of money on a credit card 2. having children or moving into a new house
answered
User Leri
by
7.9k points
4 votes

Answer:

There are several reasons we accumulate debt, like paying for unforeseen emergencies or unemployment.

answered
User Mukarram Syed
by
7.7k points

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