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Bookmark or Share- Consumer debt - WikipediaIn economics, consumer debt is the amount owed by consumers (as opposed to amounts owed by businesses or governments). It includes debts incurred on purchase of goods that are consumable and/or do not appreciate.
- Average debt in America: 2024 statistics - USA TODAYTotal consumer debt balances increased to $17.1 trillion in 2023, according to Experian. This rose again to $17.80 trillion in 2024, per the Federal Reserve Bank of New York.
- HOUSEHOLD DEBT AND CREDIT REPORT - Federal Reserve Bank of New YorkTotal household debt rose by $109 billion to reach $17.80 trillion, according to the latest Quarterly Report on Household Debt and Credit. Mortgage balances were up $77 billion to reach $12.52 trillion, while auto loans increased by $10 billion to reach $1.63 trillion and credit card balances increased by $27 billion to reach $1.14 trillion.
- Consumer Debt: Definition And U.S. Averages | Rocket MoneyConsumer debt is any debt that’s acquired for individual or household purposes. Learn about types of consumer debt, average consumer debt in the U.S., and more.
- Consumer Debt: Understanding the Pros and Cons - InvestopediaConsumer debt consists of personal debts that are owed as a result of purchasing goods that are used for individual or household consumption. Credit card debt,...
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