Question

While consumerism durning the 1920s boosted the economy, it also led to

Answer 1

While consumerism during the 1920s boosted the economy, it also led to "higher debt," since many people took out loans in order to pay for things that they could not afford.

At that time, there is not strict regulation on credit score, which mean that even those who do not have high enough income would obtain low interest credit. This lead to a massive increase in average debt.