Tips to avoid over-Indebtedness

Tips to avoid over-Indebtedness

As is currently apparent from the over-indebtedness Report 2014 of the Institute for financial services, despite a good overall economic situation in USA, the number of households considered “over-indebted” increases. In 2018, around 3.36 million households were considered to be over-indebted. Compared to the previous year, this means an increase of around 60,000 households! The average debt burden per household in 2018 was around $ 54,500 – a once again significant increase compared to the previous year at around $ 53,000. In particular, the average age of debtors now drops to 40.2 years. Here, the number of young people in […]