More and more households in debt

28th April 2011, Comments 0 comments

Last year saw a strong increase in the number of households with substantial debts.

More than 80,000 households requested assistance from local council debt relief assistance agencies, an increase of more than 25,000 compared to 2009. The total amount of loans granted by these agencies rose from 44 million euros in 2009 to 47 million in 2010.

These figures were published on Thursday by the Nederlandse Vereniging voor schuldhulpverlening en sociaal bankieren Netherlands Association for Debt Relief Assistance and Social Banking, or NVVK. The organisation’s Chair Joke de Kock says that “The figures once again confirm that debts are a broad social problem. Indebtedness has become firmly rooted in society."

The NVVK reports a continuing increase in the number of employed people running up serious debts. And more and more young people under 25 seek help from debt relief assistance agencies. In 2007, they formed seven percent of the total number of debtors, but this figure has since risen to 12 percent.

© Radio Netherlands Worldwide

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