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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
R3's personal debt snapshot survey found four in 10 adults were at least fairly worried about their current level of debt, and that the same proportion said they sometimes or often struggle to make it to payday.
DESPERATE families sinking deeper into the red deserve a lifeline when personal debt has hit a record PS428billion or an average PS15,400 per household.
The club is moving in the right direction though there is still a lot of hard work to do and I have a very personal debt to chairman Lachlan Cameron.
It comes after figures from the Money Charity revealed Britain's personal debt mountain -- which includes mortgages - hit [pounds sterling]1.58trillion in May - up from [pounds sterling]1.54trillion a year ago.
Data from the Office for National Statistics has shown that 16-34 year olds in our region have a combined personal debt of PS3.7 billion.
More than half of people with personal debt said it was not a problem at all - although 31% said it was somewhat of a burden, and 17% said it was a heavy burden.
Liberal Democrat leader Sir Vince Cable said personal debt and insolvencies will only get worse if the Bank decides to increase rates next week from record lows of 0.25%.
Pay packets are worth less and less, but bills keep rising, and personal debt is at crisis levels.
TUC research published earlier this year showed that shrinking pay packets are forcing workers to take on more personal debt.
According to a UAE individual personal debt survey, conducted by Souqalmal.com, 76 per cent of borrowers admit to missing a debt repayment in the past, and among those, 75 per cent have missed a repayment within the last 12 months.
The figures, released on Wednesday, show that personal debt such as credit cards and bank loans grew 10.8% in the year to 30 November 2016 to a total of GBP192.2bn.

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