After Corona Comes the Debt Wave — Well-Founded Concern or Scaremongering?
Abstract The corona pandemic had a considerable impact on consumers. The difficult situation in numerous sectors of the economy has led to financial burdens for many households. Despite repeated warnings announcing significantly increasing debts, the number of new payment arrears during the past two...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2022-03-01
|
| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3127-2 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832569446495944704 |
|---|---|
| author | Kai-Friedrich Donau |
| author_facet | Kai-Friedrich Donau |
| author_sort | Kai-Friedrich Donau |
| collection | DOAJ |
| description | Abstract The corona pandemic had a considerable impact on consumers. The difficult situation in numerous sectors of the economy has led to financial burdens for many households. Despite repeated warnings announcing significantly increasing debts, the number of new payment arrears during the past two years has been below the level of the pre-COVID-19 period according to analysis based on SCHUFA data. This is due to the fact that consumers have adjusted their financial and consumption behavior or made use of their financial reserves — reserves that could now be lacking due to rising prices, especially for energy. |
| format | Article |
| id | doaj-art-3128c925c6354d06a934236fd359280e |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-3128c925c6354d06a934236fd359280e2025-02-02T21:20:41ZdeuSciendoWirtschaftsdienst1613-978X2022-03-01102316616910.1007/s10273-022-3127-2After Corona Comes the Debt Wave — Well-Founded Concern or Scaremongering?Kai-Friedrich Donau0Teamleiter CSR, SCHUFA Holding AGAbstract The corona pandemic had a considerable impact on consumers. The difficult situation in numerous sectors of the economy has led to financial burdens for many households. Despite repeated warnings announcing significantly increasing debts, the number of new payment arrears during the past two years has been below the level of the pre-COVID-19 period according to analysis based on SCHUFA data. This is due to the fact that consumers have adjusted their financial and consumption behavior or made use of their financial reserves — reserves that could now be lacking due to rising prices, especially for energy.https://doi.org/10.1007/s10273-022-3127-2 |
| spellingShingle | Kai-Friedrich Donau After Corona Comes the Debt Wave — Well-Founded Concern or Scaremongering? Wirtschaftsdienst |
| title | After Corona Comes the Debt Wave — Well-Founded Concern or Scaremongering? |
| title_full | After Corona Comes the Debt Wave — Well-Founded Concern or Scaremongering? |
| title_fullStr | After Corona Comes the Debt Wave — Well-Founded Concern or Scaremongering? |
| title_full_unstemmed | After Corona Comes the Debt Wave — Well-Founded Concern or Scaremongering? |
| title_short | After Corona Comes the Debt Wave — Well-Founded Concern or Scaremongering? |
| title_sort | after corona comes the debt wave well founded concern or scaremongering |
| url | https://doi.org/10.1007/s10273-022-3127-2 |
| work_keys_str_mv | AT kaifriedrichdonau aftercoronacomesthedebtwavewellfoundedconcernorscaremongering |