Public services

Addressing household over-indebtedness

Report
Pubblicato
12 Marzo 2020
pdf
Formati
Executive summary in 22 languages
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Risultati principali

  • In 2016, 14% of people (EU28) reported not being able to make scheduled payments related to rent or mortgages, consumer credit, loans from family or friends, or utility or telephone bills. If those with difficulty making ends meet – but without any arrears – are included, 21% risk being over-indebted.
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  • In 2016, 14% of people (EU28) reported not being able to make scheduled payments related to rent or mortgages, consumer credit, loans from family or friends, or utility or telephone bills. If those with difficulty making ends meet – but without any arrears – are included, 21% risk being over-indebted.
  • Over-indebtedness is on the increase again in some countries and population groups.
  • People aged 25–49 years are most at risk. A smaller group of over-indebted people aged 65+ experience greater financial problems and lower mental well-being.
  • While policymakers often focus on mortgage or consumer debts with financial institutions, debt problems in low-income groups often relate to non-payment of utility or telephone bills, rent, taxes or fines, debts with friends, or healthcare costs. Policymakers interested in early intervention should not overlook this.
  • If over-indebtedness is not addressed in an appropriate and timely way, there are negative consequences for affected individuals and households, as well as for society as a whole. Issues arising from over-indebtedness can include mental and physical health problems, as well as unemployment and inactivity.
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Sommario

The issue of over-indebtedness continues to be a concern, particularly among some population groups and in Member States where recent increases can be observed. This report provides an overview of the main causes, triggers and consequences of household over-indebtedness, including the costs to soRead more

The issue of over-indebtedness continues to be a concern, particularly among some population groups and in Member States where recent increases can be observed. This report provides an overview of the main causes, triggers and consequences of household over-indebtedness, including the costs to society. It then examines two policy responses in the EU and Norway: debt advisory services and debt settlement procedures. While the findings show that in the wake of the global financial crisis, such services and procedures have generally become more widely available and accessible, gaps remain. The overall aim of the report is to draw the attention of national and EU-level policymakers to ways to improve policy responses to household over-indebtedness.

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Formati

  • Report

    Number of pages: 
    68
    Reference no.: 
    EF19044
    ISBN: 
    978-92-897-2057-1
    Catalogue no.: 
    TJ-01-20-099-EN-N
    DOI: 
    10.2806/25005
    Catalogue info

    Addressing household over-indebtedness

    This report addresses the problem of household over-indebtedness, which is broadly defined as being unable to make payments related to regular commitments.

    Formati

    Cite this publication: 

    Eurofound (2020), Addressing household over-indebtedness, Publications Office of the European Union, Luxembourg.

  • Executive summary

    Reference no.: 
    EF19044EN1
    Catalogue info

    Sovraindebitamento delle famiglie: misure di contrasto

    Author(s): 
    Eurofound

    La questione del sovraindebitamento continua a destare preoccupazione, in particolare tra alcune fasce della popolazione e negli Stati membri nei quali ultimamente se ne osserva un aumento. La relazione presenta una panoramica delle cause, dei fattori scatenanti e delle conseguenze principali del sovraindebitamento delle famiglie, compresi i relativi costi sociali, passando poi a esaminare due contromisure politiche adottate nell’UE e in Norvegia: i servizi di consulenza in materia di indebitamento e le procedure di ripianamento del debito. Sebbene dai risultati emerga che, a seguito della crisi finanziaria mondiale, tali servizi e procedure sono generalmente divenuti più ampiamente disponibili e accessibili, permangono lacune. L’obiettivo generale della relazione è richiamare l’attenzione dei responsabili politici nazionali e dell’UE sulle strategie per migliorare le contromisure politiche al sovraindebitamento delle famiglie.

    Available for download in 22 languages

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  • Tables and graphs

    Tables

    Table 1: Debt advisory services in the EU28 and Norway, 2019
    Table 2: Illustrations of user numbers of debt advisory services, 2008–2018
    Table 3: Debt settlement procedures for over-indebted people, EU28 and Norway, 2019
    Table 4: Debt settlement procedure usage data, 2005–2018

    Figures

    Figure 1: Proportion of people aged 18+ at risk of over-indebtedness: arrears* or difficulties making ends meet, 2016, by Member State and EU28 (%)
    Figure 2: Proportion of people with arrears, by income quartile and type of arrears, 2016, EU28 (%)
    Figure 3: Proportion of people with arrears, by age group and type of arrears, 2016, EU28 (%)
    Figure 4: People with arrears, reporting great difficulties making ends meet and the WHO-5, by age group, 2016
    Figure 4a: Proportion of people with any arrears, reporting great difficulties making ends meet by age group, 2016, EU28 (%)
    Figure 4b: WHO-5 score by age group of people with any arrears, 2016, EU28 (max. 100)
    Figure 5: Proportion of households with arrears in mortgage or rent, utility bills and hire purchase instalments, 2010–2017, EU28 (%)
    Figure 6: Availability of debt advice in the EU28, 2019

Le ricerche effettuate anteriormente al recesso del Regno Unito dall’Unione europea il 31 gennaio 2020, e pubblicate successivamente, possono includere i dati relativi ai 28 Stati membri. Salvo indicazione contraria, successivamente a tale data, la ricerca prende in considerazione unicamente i 27 Stati membri dell’UE (UE28 meno il Regno Unito).

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