Press Overindebtedness most often due to unemployment

A total of 588,000 overindebted people sought support from at a debt advice centre in 2020

Press release No. 249 of 27 May 2021

WIESBADEN – In 2020, unemployment was the main cause of overindebtedness for almost one in five overindebted people (19.7%) who sought support from a debt advice centre. Sickness, addiction or an accident were indicated as the second most frequent cause of overindebtedness (16.5%). The Federal Statistical Office (Destatis) reports that 588,000 people sought help from debt or insolvency advice centres because of financial problems. In 2019, the figure was slightly over 582,000 people.

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Basic data and long time series are available in tables "Statistics on overindebtedness (63511)" in the GENESIS-Online database.

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