World Economy

Dutch Seek More Debt

Dutch Seek More Debt Dutch Seek More Debt

A Dutch organization which helps private individuals deal with their finances when they get into debt had 92,000 requests for help last year – up 3,000 on 2013, DutchNews reported. The NVVK said the average debt owed by its clients was €38,500, a 2% increase on the previous year. “Despite the improvement in the economy, debt continues to grow,” NVVK chairwoman Joke de Kock said. “At an average €38,500, this is more than the average annual income.” Unemployment, cuts in income support and the rising cost of household bills are all contributing to the continuing growth in debt, De Kock said. “The effect of the economic crisis is becoming more obvious and more worrying,” de Kock said. While some people find it difficult or are too embarrassed to adjust their spending, others don’t have enough to make ends meet, she said. For example, she said, expensive telephone subscriptions often run for two years and cannot easily be halted when the money dries up.