Berlin in the debt strudel: Every tenth fights with over -indebtedness!

Berlin in the debt strudel: Every tenth fights with over -indebtedness!

Berlin, Deutschland - The alarming reality has occurred in Berlin: over 10% of the adult population is over -indebted! According to a current evaluation of the Creditreform business service provider, the quota rose slightly from 10.04 to 10.16 percent this year. This number is a clear wake -up call for the capital, which has the third highest over -indebtedness rate in Germany. Only in Saxony-Anhalt and Bremen are more people affected by this financial emergency.

What does it mean to be over -indebted? One person is considered to be over -indebted if they are unable to meet their financial obligations in the long term. With this worrying quota, Berlin is well above the national average of 8.09 percent. The increase in over -indebtedness is particularly shocking because the quota has dropped in recent years. In 2019, 12.3 percent of adult consumers were still affected, but the positive trend seems to have been stalling.

a worrying trend

The increasing over -indebtedness rate raises questions and shows that many Berliners are in a financial difficulty. The situation is particularly critical because the city has tried to improve the quality of life in recent years. But with every new report on over -indebtedness it becomes clearer that many people in the capital are fighting with financial difficulties. The development urgently needs to be observed in order to help the affected citizens and to understand the causes of this worrying situation.