consumer debt
noun[U]
ukus(alsoconsumer indebtedness)ECONOMICS
theamountofmoneyowedbypeoplefor things they haveboughtbut notyetpaidfor:
The Bankexpressedconcernsabout theboominghousingmarketandhighlevelsofconsumerdebt.
Withconsumerdebtspirallingtoepidemicproportions, we cannot juststandback and do nothing.