Exposed: young people in debt trap!

Exposed: young people in debt trap!

Pregarten, Österreich - The financial burden for young people in Austria has risen dramatically, which is particularly difficult for income. In view of the increased increased prices for basic living needs, including living, food and education, there is hardly any money for leisure activities. This recently became clear at the youth dialogue meeting in the Freistadt Chamber of Labor, which was organized in cooperation with the debtor aid in Upper Austria. The current figures of the Upper Austria Chamber of Labor show that inflation not only restricts access to leisure activities, but also increases risks of training. These financial uncertainties reinforce the risk that many young people will break off their training paths, which will result in an increasing threat from poverty and social exclusion, such as meinbezirk.at reported.

restrictions in leisure behavior

young people are also fighting with the debt caused by avoidable online purchases. The debt aid Austria informs that more and more young people in the consumer society are being burdened with intolerable debts, which underlines the urgency of financial education. As the analyzes on leisure activities show, around 80 to 90 % of children and adolescents regularly spend time with music, television or sport. Nevertheless, interests change with age, with activities such as reading and making music tend to decrease while digital games experience an upswing, especially boys. These developments in leisure activities are largely influenced by the financial situation of the families, such as bpb.de determined. An improved financial status of the family therefore means that children can take part in more expensive leisure activities.

The challenges that young people face today are not only financial in nature, but also more emotional. The exclusion of social activities endangers mental health and reduces self -esteem, while at the same time temporary employment relationships and starting their professional life convey uncertain perspectives. All of this illustrates the need to better train young people in dealing with money and debts and at the same time to enable them to participate in leisure activities.