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 ?
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.