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Consumer debt is a foundational element of modern household finance in the United States. This article offers a textbook-style overview of what consumer debt is, how it functions within the U.S. financial system, common...
Consumer debt in the United States is a pervasive part of daily economic life, shaping household choices, credit markets, and broader financial stability. This article provides a textbook-style overview of what consumer debt is,...
Consumer debt in the United States touches nearly every household in different ways: from everyday credit-card balances to long-term student loans and mortgage obligations. Understanding the mechanics, risks, legal protections, and management strategies for...
Consumer debt shapes the financial lives of millions of Americans and functions as a core component of the U.S. credit system. This overview explains what consumer debt is, how it is structured and serviced,...