Consumer Debt

(redirected from Household debt)

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 ?
The union organisation said its analysis showed that official growth forecasts based on the Government's economic plans were dependent on household debt growing faster than pay.
Household debt has surged to alarming levels in Thailand; just one of a welter of issues dragging on the economy despite a vow by the ruling junta to revive the kingdom's fortunes.
Gains in November were seen in household debt, as well as the oil & gas and real estate sectors.
The New York Fed's Quarterly Report on Household Debt and Credit shows that overall household debt in the U.
Household debt in South Korea is high, hovering above 70 percent of GDP.
Total household debt up 314% from [pounds sterling]347bn in 1990 to [pounds sterling]1,437bn in 2013
Household debt began to shrink in early 2009 and dropped by nearly $1.
8% in the nine years through 2008, according to the IMF, as household debt swelled.
Tony Dolphin, chief economist at the Institute for Public Policy Research, warned: "A massive build-up in household debt before 2008 contributed to the depth of the last recession.
In 2012 private household debt almost touched the 90% mark of disposable income.
household debt and sizable reduction in disposable income are unlikely to impact asset-backed securities (ABS) trusts, as collateral performance measures remain strong across most asset classes.
Third, consumer spending was being held down by high levels of household debt, much of which had been run up during the Bush-era bubble.

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