Understand money. Build your future
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 is an umbrella term for money that individuals owe to lenders or service providers. This debt arises from borrowing for consumption—credit cards, personal loans, auto loans, medical bills,...
Consumer debt touches nearly every household in the United States, shaping budgets, long-term plans, and financial well-being. This article offers a structured, textbook-style overview of consumer debt, explaining its role in the financial system,...
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,...