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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For businesses based on consumer debt – think mortgages, car loans and credit cards – deportations would disrupt the financial sector by removing responsible borrowers who make consistent payments. Loren Collingwood, The Conversation, 18 Feb. 2025 The Trump administration’s efforts to dismantle the Consumer Financial Protection Bureau risk leaving Americans’ nearly $18 trillion in consumer debt with less supervision or regulation. J.j. McCorvey, NBC News, 10 Feb. 2025 But raising that rate has a much wider impact on all kinds of consumer debt — from auto loans to mortgages to credit cards — not to mention the effects on the stock and bond markets. Jim Cramer, CNBC, 4 Feb. 2025 While some debt, like a mortgage, can be strategic, high-interest consumer debt, such as credit cards, drains your resources and limits your ability to save and invest. Melissa Houston, Forbes, 28 Nov. 2024 See All Example Sentences for consumer debt

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Cite this Entry

“Consumer debt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20debt. Accessed 11 Mar. 2025.

Legal Definition

consumer debt

see debt

Last Updated: - Updated example sentences
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