Public services

Addressing household over-indebtedness

Report
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12 Marec 2020
pdf
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Executive summary in 22 languages
Prenesi

Ključne ugotovitve

  • 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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Povzetek

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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Formats

  • 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.

    Formats

    Cite this publication: 

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

  • Executive summary

    Reference no.: 
    EF19044EN1
    Catalogue info

    Boj proti prezadolženosti gospodinjstev

    Author(s): 
    Eurofound

    Vprašanje prezadolženosti je še naprej zaskrbljujoče, zlasti med nekaterimi skupinami prebivalstva in v državah članicah, v katerih je mogoče opaziti nedavni porast. Poročilo vsebuje pregled glavnih vzrokov, sprožilcev in posledic prezadolženosti gospodinjstev, vključno s stroški za družbo. V njem sta nato proučena dva odziva politike v EU in na Norveškem: službe za svetovanje o odplačevanju dolgov in postopki za poravnavo dolgov. Čeprav ugotovitve kažejo, da so zaradi svetovne finančne krize te službe in postopki na splošno postali splošno razpoložljivi in dostopni, še vedno obstajajo vrzeli. Glavni cilj poročila je oblikovalce politik na nacionalni ravni in na ravni EU opozoriti na načine za izboljšanje političnih odzivov na prekomerno zadolževanje gospodinjstev.

    Available for download in 22 languages

    Prenesi
  • 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

Raziskave, ki so bile izvedene pred izstopom Združenega kraljestva iz Evropske unije 31. januarja 2020 in objavljene pozneje, lahko vključujejo podatke o 28 državah članicah EU. Po tem datumu je v raziskavah upoštevanih le 27 držav članic EU (EU-28 brez Združenega kraljestva), razen če ni določeno drugače.

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