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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| Format: | Article |
| Language: | deu |
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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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| _version_ | 1832557706012000256 |
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| author | Sally Peters |
| author_facet | Sally Peters |
| author_sort | Sally Peters |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-656434a17f42424eb2777f842b94b4c0 |
| institution | Kabale University |
| issn | 1613-978X |
| language | deu |
| publishDate | 2022-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-656434a17f42424eb2777f842b94b4c02025-02-03T02:56:46ZdeuSciendoWirtschaftsdienst1613-978X2022-03-01102316216510.1007/s10273-022-3126-3Consumer Debt in Germany: Status and DevelopmentSally Peters0institut für finanzdienstleistungen e.V. (iff)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.https://doi.org/10.1007/s10273-022-3126-3 |
| spellingShingle | Sally Peters Consumer Debt in Germany: Status and Development Wirtschaftsdienst |
| title | Consumer Debt in Germany: Status and Development |
| title_full | Consumer Debt in Germany: Status and Development |
| title_fullStr | Consumer Debt in Germany: Status and Development |
| title_full_unstemmed | Consumer Debt in Germany: Status and Development |
| title_short | Consumer Debt in Germany: Status and Development |
| title_sort | consumer debt in germany status and development |
| url | https://doi.org/10.1007/s10273-022-3126-3 |
| work_keys_str_mv | AT sallypeters consumerdebtingermanystatusanddevelopment |