A study on “The over-indebtedness of European households: updated mapping of the situation, nature and causes, effects and initiatives for alleviating its impact”

This study presents a snapshot of overindebtedness across Member States based on data gathered from stakeholders and consumers at a point in time, namely 2012 (part 1 and part 2).

civic450px[1]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:

  1. Overindebtedness is a complex, multi-faceted, social phenomenon, caused and compounded by a combination of factors;
  2. There is a need for more timely and robust data to facilitate informed policymaking within Member States;
  3. There are real social and economic benefits to Member States associated with preventing and addressing overindebtedness;
  4. There is a need for a multi-dimensional and integrated government policy response;
  5. The aim of policy development should be to prevent and resolve overindebtedness, and not just to alleviate or manage it.

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