The most modest, the first victims of over-indebtedness and serious health accidents

The most modest people, weakened by precariousness due to low income, remain the most affected by the risk of over-indebtedness. Added to this threat of falling into extreme poverty is the risk of serious health problems, in this case the risk of stroke. It is not FO who says it. The data come from the Banque de France, for over-indebtedness, and from the DREES, with regard to the effects that poverty can have on health.

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Bank of France [bulletin d’information]

The Banque de France, a state body, publishes an information bulletin on the country’s economic situation: Contrary to what many analysts expected, the health crisis has not, for the time being, given rise to any resumption of over-indebtedness. Thus, the number of applications filed fell by 15% compared to 2019, the reference year given the atypical nature of 2020… And to specify a sad particularity: Compared to the French population, women and isolated people (separated, single or widowed) are more exposed to the risk of over-indebtedness…« The socio-professional categories of employees (30%), workers (22%) and other people without professional activity (28%) are overrepresented in relation to their weight in the French population.

FI Bee

For this site of economic and financial information on the net: While French GDP posted its largest annual drop in 2019 (-7.9%) since the start of the series in 1950, the number of over-indebtedness files filed with a view to rescheduling or erasing debts not only did not grow, but contracted by 24%. In addition to the measures favorable to financial inclusion and the emphasis placed on housing protection, which have certainly acted as stabilizers in a deteriorating economic context, several factors explain this decline, such as material obstacles to the filing of over-indebtedness files. during the first health confinement and the importance of public aid to support household income. In 2021, over the first ten months, the level of filings remains at a low level, at -16% compared to the same period of 2019. The fact remains that over-indebtedness still unfortunately exists and particularly concerns certain vulnerable categories of the population, those experiencing precarious employment and wages. Women in particular.

Le Figaro

Over-indebtedness still affects women more, according to the Banque de France. Salaries lower than those of men and the frequent status of single-parent heads of families are able to explain this difference with men, advances the institution. Single women or women with dependent children are still the most affected by over-indebtedness, despite the drop in the number of files among the French, says a survey published Monday [7 février] by the Bank of France. The risk of over-indebtedness is higher for womennotes the study, centered on the typology of over-indebted households and relating to the year 2021. They represent 54% of over-indebted people aged 25 to 54.

Provence

The regional daily provides some details, in geographical and demographic terms: The Director of Individuals at the Banque de France Marc Béguery also underlines a small increase in the filing of over-indebtedness files by young people, in the age groups of 18-25 and 25-32 during a press conference. The most affected region is by far the Hauts-de-France.

Capital

The monthly magazine draws the faces of over-indebtedness. If the decline in over-indebtedness is confirmed, the composite portrait of the victims has been unchanged for several years. They are aged 25 to 54, three-quarters tenants of their accommodation, and are either employed, workers or unemployed. More than half of over-indebted French people (55%) are separated, single or widowed. Above all, the logical cause of over-indebtedness, 60% live below the poverty line established by INSEE at 1,063 euros per month. This rate is four times greater than their share reported nationally (14.3%), proof of their over-representation. It should be noted that over-indebtedness mainly affects women (54%).

But who owns the debts of these extremely precarious households? ? Two-thirds (68%) belong to 10 major financial or banking groups, including the 6 French banks with the largest branch network. These debts take the form of consumer loans (36.3% of the total), real estate loans (31.4%) as well as debts for current charges (unpaid rent, tax debts, unpaid energy bills).

DRESS (Research, Studies, Evaluation and Statistics Department)

The Management, under three ministerial supervisions, including the Health and Solidarity sector, summarizes with a very disturbing title the study it carried out and published on February 9: In France, strokes are more frequent, more serious and less often treated in a specialized unit for the most modest people. The numbers speak for themselves. Between 2014 and 2017, the frequency of occurrence of a stroke among people belonging to the poorest 25% is 40% higher than among those belonging to the richest 25%… After a stroke, several sequelae can occur, the most common of which are paralysis and language disorders. Belonging to the poorest 25% increases the risk by 22% of paralysis that persists beyond 24 hours. The same applies to language disorders where the risk is increased by 11% in the most modest compared to people belonging to the wealthiest 25%..

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