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Examples of consumer debt in a Sentence
Recent Examples on the Web
Credit cards only make up about 6.5% of consumer debt, according to a Bank of America Global Research report, but the increase in delinquencies appears to be outpacing income growth.
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Cora Lewis, The Denver Post, 9 June 2024
Nationally, aside from student loans, delinquencies on all types of consumer debt have been steadily rising since the end of 2021, according to the New York Fed.
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Don Lee, Los Angeles Times, 24 May 2024
Boomers also tend to carry less consumer debt and aren’t burdened with student loan repayments.
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Alicia Adamczyk, Fortune, 23 May 2024
In 2023, despite having far more assets, baby boomers had just $1.1 trillion in consumer debt, compared with $3.8 trillion for Gen X and millennials, according to Census data.
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Will Daniel, Fortune, 23 May 2024
The company surveyed 2,000 consumers with active accounts across the consumer debt categories the Fed also tracks: mortgages, student loans, credit cards, auto loans, and home equity lines of credit.
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Alicia Adamczyk, Fortune, 14 May 2024
People who have a lot of consumer debt and continue with their spending will sometimes try to get their problem to go away by simply shifting it to someone else.
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Amy Dickinson, The Mercury News, 4 May 2024
People who have a lot of consumer debt who continue with their spending will sometimes try to get their problem to go away by simply shifting it to someone else.
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Amy Dickinson, Chicago Tribune, 4 May 2024
However, higher rates, when consumer debt load topped $17 trillion, effectively caused household expenses to increase.
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Phillip Molnar, San Diego Union-Tribune, 19 Apr. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'consumer debt.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near consumer debt
Cite this Entry
“Consumer debt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20debt. Accessed 4 Jul. 2024.
Legal Definition
consumer debt
see debt
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