Consumer Debt

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Consumer Debt

The debt individuals use to purchase consumer goods. In macroeconomics, consumer debt is used for individual purchase rather than investment. A common example of consumer debt is the balance on a credit card.
References in periodicals archive ?
In other chapters, Parr touches on economic theory and resources policies when she outlines contributing elements to the understanding of the local domestic goods market, el ements such as borrowing, consumer credit, installment plans, and the effect of competing power sources -- natural gas and electricity on the manufacture of domestic goods.
Rather than continuing to plug the hole by borrowing, consumers need to work harder to strip down their essential bills to the bare minimum.
Affordability remains good, which means that despite renewed mortgage borrowing, consumers are taking a responsible attitude.