Consumer indebtedness refers to the situation where individuals owe money to lenders or financial institutions. It means that people have borrowed money and now have a debt or obligation to repay it. Full definition
«You want to have a controlled, managed improvement in consumer indebtedness as opposed to doing anything radical,» advised Lum of DBRS. (canadianbusiness.com)
Who stands to make the most from consumer indebtedness? (getrichbrothers.com)
High levels of consumer indebtedness and elevated housing prices leave Canadian banks more vulnerable than in the past to downside risks the Canadian economy faces: (macleans.ca)