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 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 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

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 May. 2024.

Legal Definition

consumer debt

see debt

Last Updated: - Updated example sentences
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