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What is considered a consumer debt 2024?

Scarlett Lee | 2023-05-07 09:37:40 | page views：1443
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Liam Parker

Works at Google, Lives in Mountain View. Holds a degree in Computer Science from Stanford University.
In economics, consumer debt is the amount owed by consumers, as opposed to that of businesses or governments. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. It includes debts incurred on purchase of goods that are consumable and/or do not appreciate.
2023-05-17 09:37:40
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Julian Anderson

QuesHub.com delivers expert answers and knowledge to you.
In economics, consumer debt is the amount owed by consumers, as opposed to that of businesses or governments. In macroeconomic terms, it is debt which is used to fund consumption rather than investment. It includes debts incurred on purchase of goods that are consumable and/or do not appreciate.
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