Public services

Addressing household over-indebtedness

Report
Gepubliceerd
12 maart 2020
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Executive summary in 22 languages
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Hoofdconclusies

  • 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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Samenvatting

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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  • Verslag

    Aantal bladzijden: 
    68
    Nummer: 
    EF19044
    ISBN: 
    978-92-897-2057-1
    Catalogusnummer: 
    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.

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    Deze publicatie citeren: 

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

  • Executive summary

    Nummer: 
    EF19044EN1
    Catalogue info

    Aanpak van overmatige schuldenlast van huishoudens

    Auteur(s): 
    Eurofound

    Het probleem van overmatige schuldenlast blijft een punt van zorg, met name voor bepaalde bevolkingsgroepen en in lidstaten waar deze schuldenlast recent is toegenomen. Dit verslag bevat een overzicht van de belangrijkste oorzaken, aanleidingen en gevolgen van de overmatige schuldenlast van huishoudens, inclusief de kosten voor de samenleving. Vervolgens worden er twee beleidsreacties in de EU en Noorwegen onderzocht: schuldadviesdiensten en schuldvereffeningsprocedures. Hoewel uit de bevindingen blijkt dat in de nasleep van de wereldwijde financiële crisis dergelijke diensten en procedures in het algemeen op grotere schaal beschikbaar en toegankelijk zijn geworden, bestaan er nog steeds tekortkomingen. Het algemene doel van het verslag is de aandacht van nationale en Europese beleidsmakers te vestigen op manieren om de beleidsreacties op huishoudens met een overmatige schuldenlast te verbeteren.

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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

Onderzoek dat is uitgevoerd vóór de terugtrekking van het VK uit de Europese Unie op 31 januari 2020 en dat vervolgens is gepubliceerd, kan gegevens over de 28 EU-lidstaten bevatten. Na deze datum wordt bij onderzoek alleen rekening gehouden met de 27 EU-lidstaten (EU28 minus het VK), tenzij anders vermeld.

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