The Banko has just released its “2014 Typological Survey on Household Overindebtedness”.
She was immediately relayed by a number of media that have often titled on the isolated people without really going beyond a few numbers.
Who are the over-indebted people?
Individuals in fact represent 64.6% of the admissible debt overhang. They therefore deserve a little more interest in them. Let’s see, moreover, how to decompose these 64.6%! They are first divorced or separated for 35.6%, then singles for 23.8%, finally widowers for 5.2%.
The answer is about the general statistics, 54% women, tenants for about ¾, a little over one in two between 35 and 54, a little over one in five over 55 years and 8% over 65.
About 26% unemployed and almost 10% without activities due to disability or long-term sick leave, for example. So a very sad summary could be the following: the typical profile of the over-indebted is a tenant living alone with no activity or low income.
What explanations for overindebtedness?
Many single people have suffered separation , illness or an accident of life , loss or precariousness of their job. Their budget is therefore constrained, insufficient.
Older people, for example, face a sharp drop in income when they become widowed or after helping their children or living a few years on their final savings. Overall, among the over-indebted, the over-65s increased from 4.3 to 8.4% in ten years.
And of course, when you (re) find yourself alone, you can not share the rent, the expenses.
A vicious circle then develops: only we have difficulties to receive or accept an invitation, we isolate ourselves socially, which weakens the moral equilibrium. As a result, we are even more prone to illness, depression, carelessness. We succumb more easily We fall back on ourselves and we deprive ourselves of moral support. And yet …
This support is essential as for all types of debt distress and especially for those who are isolated.
It is necessary to be able to find the spring to discuss with his banker or a broker for the purchase of credit for a loan consolidation because a single monthly payment will always be less than the sum of several. And the statistics say it: an indebtedness holds on average 4.1 renewable credits , that in spite of the rather beneficial effects of the law Lamaport.