Understand money. Build your future
Consumer debt is a foundational element of modern household finance and the broader U.S. economy. This article provides a structured, textbook-style overview of what consumer debt is, how it functions in the financial system,...
Consumer debt in the United States is a pervasive financial tool and risk at once: it enables consumption, smoothing of life’s expenses, and investment in human capital, while also exposing households to interest costs,...
Consumer debt is a common part of modern life in the United States, shaping household budgets, credit profiles, and long-term financial outcomes. This article offers a textbook-style overview of consumer debt: what it is,...
Consumer debt in the United States functions both as a tool of opportunity and a source of financial fragility. This article provides a textbook-style overview of how consumer debt works, why it accumulates, the...