Consumer lending in the modern consumer society: development problems and consequences

Consumer lending is examined as a fundamental institution of modern society, which accelerates investment and spreads the debt model of consumption. The factors of consumer credit expansion and the impact of consumer loans on the economy and people's welfare are analyzed. The development of consumer lending in Russia and the associated problems and risks are discussed.

Keywords: consumer society; consumer lending; debt model of consumption; credit debt; welfare of the population.

For citation: Semeko G.V. Consumer lending in the modern consumer society: development problems and consequences // Social Novelties and Social Sciences. – Moscow : INION RAN, 2021. – N 4. – Pp. 103–122.
DOI: 10.31249/snsn/2021.03.06

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