Consumer Debt in Germany: Status and Development
Abstract This article looks at over-indebtedness in Germany and its current status and trends. COVID-19 created increased attention on private debt and over-indebtedness. Various studies within the last two years show the severe financial impact of the pandemic; the situation has only eased in phase...
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| Main Author: | |
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| Format: | Article |
| Language: | deu |
| Published: |
Sciendo
2022-03-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3126-3 |
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| Summary: | Abstract This article looks at over-indebtedness in Germany and its current status and trends. COVID-19 created increased attention on private debt and over-indebtedness. Various studies within the last two years show the severe financial impact of the pandemic; the situation has only eased in phases, but remains critical overall. A fundamental undersupply of efficient and effective debt counselling has become apparent. Current developments (especially with regard to energy prices) have increased the need for debt counselling. |
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| ISSN: | 1613-978X |