Meaning of the word "debt is the worst kind of poverty" in English

What does "debt is the worst kind of poverty" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

debt is the worst kind of poverty

US /dɛt ɪz ðə wɜrst kaɪnd ʌv ˈpɑvərdi/
UK /dɛt ɪz ðə wɜːst kaɪnd ɒv ˈpɒvəti/
"debt is the worst kind of poverty" picture

Idiom

a proverb suggesting that owing money causes extreme stress and lack of freedom, comparable to or worse than being poor

Example:
He realized that debt is the worst kind of poverty when he couldn't sleep due to the interest rates.
Avoid credit cards if you can; remember, debt is the worst kind of poverty.