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over-indebted household

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One whose existing and foreseeable resources are insufficient to meet its financial commitments without lowering its living standards, which has both social and policy implications if this means reducing them below what is regarded as the minimum acceptable in the country concerned.
(source: ec.europa.eu/social/BlobServlet?docId=6708&langId=en)

Synonyms:
over-indebtedness
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