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What is Consumer Debt: Balancing the Pros and Cons
13th September 2023‘Consumer debt’ is a phrase that is often thrown around in the finance world. It has emerged as a tool that can either empower individuals to achieve their aspirations or lead them into a cycle of financial strain. Ultimately, consumer debt is a double-edged sword that offers immediate access to goods and services while carrying the potential for long-term consequences.
This blog delves into the realm of consumer debt, shedding light on its nature, exploring the concept of the consumer leverage ratio, and addressing the impact of consumer debt on long-term financial well-being.
