consumer debt

noun

: a debt from buying something at a store

Most of his debts are consumer debts.

Examples of consumer debt in a Sentence

Recent Examples on the Web

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New regulatory control through Consumer Duty is making transactions safer for all parties, increasing confidence on all sides and reducing the risk of unpayable consumer debt. —

Paul Marcantonio, Forbes, 30 Oct. 2024 While 2023 saw a decline in popularity as BNPL received bad press over consumer debt, 2024 appears to be playing host to something of a resurgence. —

Paul Marcantonio, Forbes, 30 Oct. 2024 The International Monetary Fund (IMF) found that unpaid consumer debt affects everyone through rising costs, inflated interest rates, and economic uncertainty. —

Kyle J. Russell, USA TODAY, 16 Oct. 2024 The big picture: Medical debt is the most common type of consumer debt Americans face, affecting about 14 million people who collectively owe at least $220 billion. —

Tina Reed, Axios, 18 Sep. 2024 See all Example Sentences for consumer debt

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“Consumer debt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20debt. Accessed 21 Nov. 2024.

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