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Household debt is increasingly tied to everyday spending, with half of all loans directed toward consumption. For quantitative traders, this macro‑level fact has direct implications for how corporations hedge, allocate capital, and price risk. Understanding the link between consumer financing and corporate risk lets you build models that anticipate balance‑sheet pressures, credit spreads, and strategic hedging behavior. The Consumption‑Driven Debt Landscape Recent surveys show that 50 % of household loans are used for consumption rather than housing, education, or investment. This shift means that a large share of disposable income is prepaid through credit, making consumer demand more sensitive to interest‑rate movements and credit‑availability shocks....