ABSTRACT
When is there too much debt? That question has been asked time and time again in different realms: for the consumer, for businesses, for governments, and for the global economy. The follow-on question is, what happens when the debt amount hits that tipping point? These topics will be explored in this chapter. Intensified concerns about the global debt explosion began in the aftermath of the 2008 global financial crisis and further were inflamed by the COVID-19 pandemic spending by governments. Readers will learn:
