Consumer Debt


Also found in: Wikipedia.

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 ?
Global Banking News-September 5, 2019-Research and Markets adds consumer debt collection report 2019 to offerings
BANKING AND CREDIT NEWS-September 5, 2019-Research and Markets adds consumer debt collection report 2019 to offerings
M2 PRESSWIRE-August 6, 2019-: UK Consumer Debt Collection and Debt Purchase Market Trends, Drivers and Restraints During the Forecast Period, 2019-2023
"Consumer debt is at an all-time high across the United States, and there are millions of people, including too many Illinois families, who are struggling under unconscionable circumstances," he said.
IN Wales as well as in England families and individuals are laden with the deadweight of consumer debt.
Canadian consumer debt has increased 5.31% year over year to approximately CAD3.4 billion.
said it has contributed to a $7 million Series A equity investment in LendStreet Inc., a California company that specializes in consumer debt restructuring and consolidation.Newark-based Prudential Financial Inc.
According to the latest figures from the Federal Deposit Insurance Corporation, the amount of distressed consumer debt rose 11.5 per cent during the fourth quarter of 2017.
consumer balance sheet remains relatively healthy, consumer debt service burdens near record lows given low interest rates, Corporate debt ratios near a 20-year high -- however, interest coverage ratios remain within normal range due to continued low rate environment.
Credit unions increased their revolving consumer debt 2%, the biggest October-to-November gain in five years, according the Federal Reserve's Consumer Lending report released Monday.
HOUSEHOLD borrowing will be in sharp focus this week when lending giants Lloyds Banking Group and Barclays report following Bank of England warnings over rising consumer debt.

Full browser ?