How to Use consumer debt in a Sentence

consumer debt

noun

• This mountain of consumer debt is top of mind for ResilienceVC and investors like us.
  — Vikas Raj, Forbes, 29 Feb. 2024
• The global economy runs on debt, and in America, consumer debt is a huge part of how things work here, and there are good things about that too.
  — Quartz Staff, Quartz, 28 Mar. 2023
• But here’s a complete strategy for dealing with the burden of consumer debt.
  — Terry Savage, Orlando Sentinel, 22 Feb. 2023
• 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
• For a while, consumer debt and delinquencies on that debt were falling during the pandemic.
  — Nate Dicamillo, Quartz, 21 Apr. 2023
• The rate indicates what banks charge each other for overnight lending but sets a guidepost for a slew of other consumer debt products.
  — Jeff Cox, CNBC, 30 July 2024
• Wages flatlined and consumer debt soared, as credit cards became an increasingly easy way to pay for things.
  — Mya Frazier, New York Times, 7 June 2023
• But the level of consumer debt has ballooned into a national crisis.
  — Gabriela Sa Pessoa, Washington Post, 24 Dec. 2023
• Boomers also tend to carry less consumer debt and aren’t burdened with student loan repayments.
  — Alicia Adamczyk, Fortune, 23 May 2024
• Through much of the 1990s, these tectonic shifts were partly obscured in the United States by falling prices, increased consumer debt, and low interest rates.
  — Rana Foroohar, Foreign Affairs, 28 Oct. 2022
• Corporate bankruptcies are on the rise and so are consumer debt delinquencies.
  — Nicole Goodkind, CNN, 3 July 2023
• 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.
  — Amy Dickinson, The Mercury News, 4 May 2024
• Across the United States, 45 million people owe $1.6 trillion for such loans — more than Americans owe for any kind of consumer debt other than mortgages.
  — Michael D. Shear, New York Times, 30 May 2023
• 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.
  — Amy Dickinson, Chicago Tribune, 4 May 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.
  — Don Lee, Los Angeles Times, 24 May 2024
• Households are already using up their excess cash to pay for inflated prices, and consumer debt has been increasing as well.
  — Byalicia Adamczyk, Fortune, 1 Sep. 2023
• At the same time, the pause helped many households achieve other goals, like buying homes, paying off other consumer debt, or simply get by even as prices for essentials skyrocketed.
  — Byalicia Adamczyk, Fortune, 25 Sep. 2023
• That means consumer debt — especially variable-rate credit card debt — will get more expensive.
  — Jeanne Sahadi, CNN, 25 Mar. 2023
• If there were to be a deterioration in the labor market, that would be worrisome for consumer debt and delinquency levels, New York Fed researchers said.
  — Alicia Wallace, CNN, 16 Feb. 2023
• As a group, Blacks and Latinos tend to have significantly higher student loans and unsecured consumer debt and lower credit scores than their white counterparts.
  — Matthew Connelly, Foreign Affairs, 12 May 2023
• The chart above shows that 70% of consumer debt is mortgage related, and, with high mortgage rates (7%), this will put an increasing burden on borrowers with new mortgages, resulting in less of their income available for consumption.
  — Robert Barone, Forbes, 12 Aug. 2023
• 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.
  — Alicia Adamczyk, Fortune, 14 May 2024
• 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.
  — Cora Lewis, The Denver Post, 9 June 2024
• Fresh Mastercard data out Tuesday showed Americans spent their way through the holidays despite rising consumer debt and the lingering bite of inflation, with online spending up 6.3 percent.
  — Aaron Gregg, Washington Post, 29 Dec. 2023
• And with inflation still elevated and consumer debt at record highs, industry experts expect more Americans will lean on such services to afford necessities like food and school supplies.
  — Abha Bhattarai, Washington Post, 12 July 2023
• In addition, the federal government should consider offering student loan forgiveness programs to healthcare workers; as student loans make up the second largest source of consumer debt in the US, with those in healthcare facing high burdens.
  — Omer Awan, Forbes, 8 Mar. 2023
• The chief financial officer at Macy’s said consumer debt in a higher-interest-rate environment is already putting customers under pressure.
  — Jennifer Williams-Alvarez, WSJ, 5 Sep. 2023
• However, higher rates, when consumer debt load topped $17 trillion, effectively caused household expenses to increase.
  — Phillip Molnar, San Diego Union-Tribune, 19 Apr. 2024
• Not only that, there’s evidence that the student-loan-repayment moratorium hurt borrowers by distorting their impression of their own financial obligations, leading them to take on even more consumer debt.
  — Noah Rothman, National Review, 9 Oct. 2023
• To varying degrees, forbearance extended to housing, auto and consumer debt, with some private lenders taking part voluntarily.
  — Lydia Depillis, New York Times, 21 June 2023

Last Updated: 18 Nov 2024