Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Credit cards (Source: Wikimedia/Sprinno)
Credit cards (Source: Wikimedia/Sprinno) - Credit: Credit cards (Source: Wikimedia/Sprinno)
Business
bad debt
benefits
Debt
Dutch Institute for Budget Information
illness
Nibud
problem debts
Friday, 17 October 2014 - 13:36
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Country spends millions on people in debt

According to the Dutch Institute for Budged Information Nibud, households with financial problems cost society 11 billion euro annually.  This damage could be significantly reduced by a different approach to debt problems. One household with serious financial problems costs society an average of 10 thousand euro per year. There are about 1.1 million such households in the Netherlands. Many costs are not only caused by bad debts, but also by benefits and illness. On average people with bad debts are sick 9 more days per year than people without these debts. They take longer to find a job and thus receive more benefits. "People with debt problems' heads are too crowded with the stress of the problems surrounding the finances and therefore have no time to look for work or to invest in their future in other areas." says researcher Tamara Madern from Nibud. According to Nibud, the same society that suffer so much damage by debt, promotes the growth of the debt problem. "For example, it is much harder to find information on early repayment of a loan, than information on how to increase the loan amount" Several studies indicate that the number of people with debt problems will increase in the coming years.

Follow us:

Latest stories

  • F1: Max Verstappen finishes a disappointing 7th place in the British Grand Prix
  • Pure Goat Company issues recall over possible plastic in baby formula powder
  • FC Barcelona wants to do everything possible to keep Frenkie de Jong
  • Explosive planted at home in Tienhoven, police investigate connection to earlier explosion
  • Nude bicyclists cycle through Amsterdam for annual Naked Bike Ride
  • Dutch MP’s ready to ban video game loot boxes, citing manipulation

Top stories

  • House fire in Waalwijk apartment sends 3 to hospital
  • NS presents new, fast intercity train
  • Logistics companies warn of delay due to farmers protest
  • Dutch Central Bank and province of Noord-Holland apologize for historic roles in slavery
  • Schiphol and Eindhoven Airport prepare for farmer protests, traffic blockades
  • Fmr. Dutch national football coach accuses colleagues of rape

© 2012-2022, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content