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Discover Ludwig'consumer debt' is correct and usable in written English.
You can use it when referring to money that is owed to creditors such as credit card companies, medical providers, and other lenders. For example, "The average consumer debt in the United States is increasing year after year."
Exact(58)
Consumer debt has plunged.
Consumer debt and government spending do.
Consumer debt is hitting record levels.
Her father lectures on consumer debt.
Consumer debt keeps the economy going.
Total consumer debt exceeds $300 billion.
I am concerned about consumer debt.
Not all types of consumer debt are in decline.
First, an increase in consumer debt has helped increase consumption.
Mortgages are by far the largest segment of consumer debt.
But consumer debt is only half the story.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com