Over-indebtedness in Rhineland-Palatinate: positive trends, but big differences!

Over-indebtedness in Rhineland-Palatinate: positive trends, but big differences!

The latest figures from the debtor's atlas 2024 are there and they bring a surprising turn: the number of over -indebted people in Germany is falling! In October 2024, around 5.56 million people were affected, which corresponds to an over -indebtedness rate of 8.09 percent. Compared to the previous year, this is a decline of 94,000 cases - a ray of hope in cloudy times!

But what does that mean specifically? Over -indebtedness occurs when someone is no longer able to pay their bills for a long time. It is often life events such as separation, unemployment or illness that lead to this financial misery. Around 280,000 people are affected in Rhineland-Palatinate, which catapults the region in tenth place in the nationwide ranking. Here the over -indebtedness rate is 8.27 percent - only six federal states do worse.

causes of the decline in over -indebtedness

The creditreform gives several reasons for the positive trend: people save more and are more reluctant to consume, especially because of the uncertainties by the Ukraine conflict and the general economic situation. There is also an increase in inquiries about installment loans and "Buy Now-Pay Later" offers. But be careful! These offers can quickly lead to debt trap if consumers overestimate their financial possibilities.

The dark side remains: Despite the decline, over -indebtedness is a serious problem. Long -term unemployment and increasing living costs put a strain on many households. The location is tense, especially in cities such as Pirmasens, where the over -indebtedness rate is 16.98 percent. Here the number of private bankruptcies has risen sharply in the first half of the year. So the challenges are far from overcome!