Question

When someone defaults on debt, who pays for the debt? Select all that apply the government the person who defaulted on the debt taxpaying citizens corporations

Answer 1

Explanation:

➡️ For a large section of people, particularly the salaried class, debt is unavoidable. However, borrowing irresponsibly can land you in trouble. According to an ET Wealth survey, 15% of the respondents have an EMI outgo of more than 50% of their income. The survey was conducted in March and had 2,042 respondents from across the country, age groups and income levels.