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

Recent Examples on the Web The California consumer debt load equaled $70,414 per person during the past decade in these four categories. Jonathan Lansner, Orange County Register, 8 July 2024 As a group, Blacks and Latinos tend to have significantly higher student loans and unsecured consumer debt and lower credit scores than their white counterparts. Matthew Connelly, Foreign Affairs, 12 May 2023 Credit cards only make up about 6.5% of consumer debt, according to a Bank of America Global Research report, but the increase in delinquencies appears to be outpacing income growth. Cora Lewis, The Denver Post, 9 June 2024 Nationally, aside from student loans, delinquencies on all types of consumer debt have been steadily rising since the end of 2021, according to the New York Fed. Don Lee, Los Angeles Times, 24 May 2024 See all Example Sentences for consumer debt 

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 26 Jul. 2024.

Legal Definition

consumer debt

see debt

Last Updated: - Updated example sentences
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