Which of the following statements is true about debt?

The statement that debt often leads to financial burden is true because debt requires regular repayment, which can strain an individual's finances. When individuals borrow money, they usually incur interest and fees, which can accumulate and lead them to owe much more than they originally borrowed. This financial obligation can limit their ability to spend on necessities, save for the future, or invest, leading to a situation where they may feel overwhelmed by their financial commitments.

Understanding the impact of debt on personal finances is crucial, as it can hinder financial goals such as saving for emergencies, buying a home, or planning for retirement. This perspective aligns with Dave Ramsey's principles, which emphasize living debt-free and prioritizing financial health by avoiding excessive debt that can lead to stress and instability.