overindebtedness

noun

over·​in·​debt·​ed·​ness ˌō-vər-in-ˈde-təd-nəs 

: the condition of having too much debt

… blamed microfinance companies … for fueling a frenzy of overindebtedness …

—Business Insider (online)

overindebted

ˌō-vər-in-ˈde-təd 

adjective

overindebted countries/consumers

Word History

First Known Use

1854, in the meaning defined above