On the finish of September, the EU Fee revealed a brand new, complete, and well timed Research on European customers’ over-indebtedness and its implications. The research takes a muti-disciplinary method aiming to get a transparent and up to date image of over-indebtedness amongst European households and customers.
The intention of the research was damaged into 5 distinct duties:
• get hold of a granular and up to date mapping of the state of affairs of over-indebtedness amongst European households and customers in all 27 EU Member States
• collect improved information of the views, perceptions, and challenges of EU customers in relation to over-indebtedness, together with in gentle of whether or not or not they’ve personally skilled it and their information of economic issues
• accumulate extra, and extra exact, details about the macro-economic drivers of over-indebtedness and their short-, medium- and long-term influence, together with an evaluation of the influence of the COVID-19 pandemic, in addition to latest vitality value shocks and rising inflation
• present an in-depth authorized evaluation of concrete interactions between EU and nationwide guidelines and provisions protecting shopper credit score, mortgage credit score, and different contiguous issues
• conduct a behavioural experiment targeted on assessing the capability of households and customers to make knowledgeable and optimum credit score selections.
With nearly 300 pages of empirical information, behavioral experiments, authorized evaluation, and literature assessment, this research could possibly be helpful for everybody working or within the space of economic shopper legislation.
