Consumer debt is debt acquired through consumption rather than investment. That is, consumer debt represents consumer credit utilized to purchase things such as gasoline, candy, soda, groceries, clothing, baseball bats, and video games. Most consumer debt is created through the use of credit cards. Consumer debt is generally considered to be beneficial to the overall economy, and as long as it is proactively managed it is not overly detrimental to personal finances. Historically, and in other cultures, being in personal debt has been considered to be poor practice or even immoral-yet in today’s society nearly everyone carries some amount of consumer debt. If unmanaged, consumer debt rapidly accumulates and leads to financial distress and, often, bankruptcy.