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Examples of consumer debt in a Sentence
Recent Examples on the Web
In 2023, despite having far more assets, baby boomers had just $1.1 trillion in consumer debt, compared with $3.8 trillion for Gen X and millennials, according to Census data.
—Will Daniel, Fortune, 23 May 2024
The company surveyed 2,000 consumers with active accounts across the consumer debt categories the Fed also tracks: mortgages, student loans, credit cards, auto loans, and home equity lines of credit.
—Alicia Adamczyk, Fortune, 14 May 2024
People who have a lot of consumer debt and continue with their spending will sometimes try to get their problem to go away by simply shifting it to someone else.
—Amy Dickinson, The Mercury News, 4 May 2024
People who have a lot of consumer debt who continue with their spending will sometimes try to get their problem to go away by simply shifting it to someone else.
—Amy Dickinson, Chicago Tribune, 4 May 2024
However, higher rates, when consumer debt load topped $17 trillion, effectively caused household expenses to increase.
—Phillip Molnar, San Diego Union-Tribune, 19 Apr. 2024
Fresh Mastercard data out Tuesday showed Americans spent their way through the holidays despite rising consumer debt and the lingering bite of inflation, with online spending up 6.3 percent.
—Aaron Gregg, Washington Post, 29 Dec. 2023
Wages flatlined and consumer debt soared, as credit cards became an increasingly easy way to pay for things.
—Mya Frazier, New York Times, 7 June 2023
According to the Federal Reserve, credit card delinquencies increased by 50 percent in 2023, while consumer debt grew to $17.5 trillion.
—Ron Paul, Orange County Register, 5 Mar. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'consumer debt.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near consumer debt
Cite this Entry
“Consumer debt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20debt. Accessed 15 Jun. 2024.
Legal Definition
consumer debt
see debt
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