It is somehow incomprehensible that on the one hand the German citizens make the statement that one is quite willing to finance part of their consumption on credit, on the other hand, the concern about over-indebtedness grows. So at least the result of a recent survey, which was carried out by the opinion and market research institute TNS Emnid on behalf of Postbank among 1000 German citizens from 18 years. The result of this representative survey on the subject of over-indebtedness / debt trap has it all in itself.
Almost every second German is afraid of the debt trap
With as many as 42 percent of the German respondents, the number of those who fear over-indebtedness is quite worrying. The fear of those who are so afraid of getting rid of debt permanently and thus lose a significant loss of the previous quality of life can be seen here as a clear warning signal in our sometimes quite uncontrolled consumer society.
The interesting thing about this survey is how this result is divided among the individual age groups. The fear of the debt trap or over-indebtedness is particularly high in the group of 30- to 39-year-olds with 55 percent. Here is the fear of over-indebtedness in strong relation to the topic of family and loss of reputation. On the other hand, anxiety is less pronounced in the age group between 50 and 59. At 33 percent, the fear of over-indebtedness was significantly lower than in the age group of 30- to 39-year-olds.
Income plays a big role in the fear of the debt trap
Another big factor in influencing the fear of the debt trap is the monthly income available to respondents. Thus, the fear of indebtedness is around 57 percent of those respondents who have an income of less than 1000 euros very pronounced. But for exactly this target group, other representative surveys also show that within this target group the tendency to use loan offers and zero-percent financing in retail is very pronounced. Basically, it is not often enough to point out that the corresponding lock offers from banks and the retail sector do not expire if one does not want to expose oneself to the danger of a debt trap.
The open dealing with debts is with every 2t. Citizens available
Accordingly, about 44 percent of Germans speak openly about their debts – with men with just under 49 percent dealing with their debts much more aggressively than women do about 40 percent of them. There is also a clear difference in terms of age: Respondents over the age of 60, at just under 35 percent, speak significantly less about their debts than 30- to 39-year-olds at 61 percent.