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 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 This mountain of consumer debt is top of mind for ResilienceVC and investors like us. Vikas Raj, Forbes, 29 Feb. 2024 The problem is not just over-indebtedness, but also an intentionally complex system surrounding consumer debt, where people struggle to understand their obligations. Vikas Raj, Forbes, 29 Feb. 2024 But the level of consumer debt has ballooned into a national crisis. Gabriela Sa Pessoa, Washington Post, 24 Dec. 2023 Meanwhile, credit card debt climbed to a record high in the third quarter of 2023, surging nearly 5% from the previous quarter and suggesting that some of the economic growth may have been driven by consumer debt, economists previously told ABC News. Max Zahn, ABC News, 14 Nov. 2023 Not only that, there’s evidence that the student-loan-repayment moratorium hurt borrowers by distorting their impression of their own financial obligations, leading them to take on even more consumer debt. Noah Rothman, National Review, 9 Oct. 2023 Households are already using up their excess cash to pay for inflated prices, and consumer debt has been increasing as well. Byalicia Adamczyk, Fortune, 1 Sep. 2023

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 Apr. 2024.

Legal Definition

consumer debt

see debt

Last Updated: - Updated example sentences
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