The article attempts to answer the question about the social dimension of the causes and consequences of credit consumption in Poland in recent years. The author aims at sketching possible framework to analyze this phenomenon. He asks whether one can speak in Poland about three faces of consumption for three generations of Poles. A generation, according to Karl Mannheim’s conception, is understood as the effect of common historical experiences shaping the collective consciousness. Referring to publications which describe the value system of Poles in the 70s and 80s of the 20th century (Stanislaw Nowak), the author points out the significant role of two moralities (private and public) and the issue of sensing a sort of a "life block" (including the consumption one) characteristic for the time. Moreover, based on the preliminary empirical determination, he sketches types of modern debtors (not repaying their obligations on time) selected on the basis of attribution factors (internal/external) and moral assessment of their situation. The author closes conducted discussions with the assumption that the generation perspective may be an effective tool to diagnose the discussed issue. The perspective highlights the nuisances which can become the factor typologizing social (and not only demographical) determinants and the effects of a debt phenomenon.