Consumer borrowing can have significant impacts on individuals' financial well-being. High levels of borrowing can lead to financial strain and stress for consumers. This can result in difficulty meeting monthly expenses and saving for the future. Excessive borrowing can also hinder long-term financial goals such as buying a home or saving for retirement. In addition to the financial impact, high levels of debt can also take a toll on mental health, causing anxiety and worry. It is essential for consumers to carefully consider their borrowing decisions and create a realistic budget to avoid the negative effects of excessive debt.