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Consumer Debt
(redirected from Personal debt)

   Also found in: Wikipedia 0.01 sec.
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.


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It's just one of 123 recommendations in a consultation paper on Personal Debt Management and Debt Enforcement published by the commission yesterday.
Elsewhere, Hartlepool Citizens Advice Bureau dealt with over 120 separate clients and families seeking advice during January, with an average personal debt of pounds 18,000.
Does it, for example, mean we should be doing our solemn duty to aid national recovery by spending money in the shops like there's no tomorrow and possibly increasing our personal debt when we don't even know our jobs will be safe next year?
 
 
 
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