The study was conducted by Civic Consulting of the Consumer Policy Evaluation Consortium, in cooperation with the University of Bristol’s Personal Finance Research Centre.
A five key messages and lessons for policymakers emerging from the study:
- Overindebtedness is a complex, multi-faceted, social phenomenon, caused and compounded by a combination of factors;
- There is a need for more timely and robust data to facilitate informed policymaking within Member States;
- There are real social and economic benefits to Member States associated with preventing and addressing overindebtedness;
- There is a need for a multi-dimensional and integrated government policy response;
- The aim of policy development should be to prevent and resolve overindebtedness, and not just to alleviate or manage it.