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 Federal Reserve Bank of New Yorks Center for Microeconomic Data issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $192 billion (1.4%) to $13.86 trillion in the second quarter of 2019.
ENPNewswire-August 14, 2019--Federal Reserve Bank of New York-Total Household Debt Climbs for 20th Straight Quarter as Mortgage Debt and Originations Rise
Putrajaya is rushing the creation of a new law that will protect consumers while encouraging spending as Malaysia's household debt crosses 80 per cent.
Synopsis: A decade after the Global Financial Crisis and Great Recession, developed economies continue to struggle under excessive household debt. While exacerbating inequality and political unrest, this debt (when combined with wage stagnation and a shrinking welfare state) has played a key role in maintaining economic growth and allowing households faced with rising costs of living to make ends meet.
The INC survey revealed that 80% of Tunisians believe the level of household debt is high.
New York: Canadian consumers are adeptly keeping up with rising household debt and still paying their credit card balances on time with chargeoffs and delinquencies remaining stable, according to Fitch Ratings' latest credit card index.
According to IIF, Pakistan's household debt as percentage of GDP saw a meagre increase of 0.1% from 2.7% in quarter 3 of 2017 to 2.8% in the third quarter of 2018.
The TUC general secretary, Frances O'Grady, said: "Household debt is at crisis level.
We can't keep Britain's economy growing on household debt. Eventually it will come crashing down.
HOUSEHOLD debt increased "sharply" in 2018 after years of austerity and wage stagnation, according to a new report.
Among highly indebted European countries, Cyprus is most exposed to credit risks related to high household debt because it has a small economy, weak banking sector, and very high public and private debt levels, Moody's Investors Service said in a report on Tuesday.
Among highly indebted European sovereigns, Cyprus is most exposed to credit risks related to high household debt because it has a small economy, weak banking sector, and very elevated public and private debt levels, a Moody's report said on Tuesday.

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