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 However, the rates charged on credit cards and other consumer debt often stay at high levels even when the Fed reduces the federal funds rate. —

Steve Vernon, Forbes, 27 Sep. 2024 Robert Prange/Getty Images The financial services company purchases and services consumer debt that originates from financial institutions, credit card companies and retailers. —

Megan Cerullo, CBS News, 6 Sep. 2024 Avoid Bad Debt: Not all debt is bad, but high-interest consumer debt, like credit card debt, can be a major roadblock to wealth. —

Melissa Houston, Forbes, 17 Aug. 2024 Milwaukee came in 58th-highest in the ranking of the 100 largest U.S. cities, which tracked consumer debt in the first fiscal quarter of 2024. —

Maia Pandey, Journal Sentinel, 14 Aug. 2024 See all Example Sentences for consumer debt

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.