consumer debt

noun

: a debt from buying something at a store
Most of his debts are consumer debts.

Examples of consumer debt in a Sentence

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For example, child support garnishment can reach 50% to 60% of disposable income, which is significantly higher than standard consumer debt caps. Angelica Leicht, CBS News, 19 Mar. 2026 Total consumer debt has hit a record of nearly nineteen trillion dollars; the median household is eighty thousand dollars underwater. E. Tammy Kim, New Yorker, 9 Mar. 2026 States with lowest increase in consumer debt Here are the states with the lowest increases, or even decreases in debt. Irene Wright, USA Today, 11 Feb. 2026 People spend most of their money on services — such as housing, insurance, interest on consumer debt and health care — rather than goods. Chris Isidore, CNN Money, 11 Dec. 2025 See All Example Sentences for consumer debt

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“Consumer debt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20debt. Accessed 26 Mar. 2026.

Legal Definition

consumer debt

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