Everything has become more expensive due to inflation. However, the end of the inflation ladder has probably not yet been reached. Thus a new phenomenon has emerged in the world of credit. Micro-credit is becoming more and more widespread. This is how people now pay for their daily bread.
Many people are currently struggling with the inflationary surge. It is often a hopeless struggle, as expenses exceed income by several times. Debt advisers are already reporting a boom. So does Michaela Puhr of the Burgenland debtor service point, as reported by the courier. The current salary is no longer enough for many people to maintain their standard of living. These are mainly very young or slightly older vintages. Groups of people aged 18-25 and people over 50 are extremely affected.
credit for food
Rising prices and inflation have hit so hard that some people borrow up to € 300 to pay for their groceries, explains Puhr. The usual consumer debts are still paid in installments. “Price increases do not improve the situation for our customers‘explains Puhr to the courier.
debt advice
If you find yourself in a situation where you need to take out a loan for your shopping or rent. Please go to debt counseling in advance. They look at your expenses and give you tips on where to save money so you don’t have to resort to microcredit.
Learn more about debt counseling: Brochure to get out of debt
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