Thread by @forfinancewatch

[📖New policy brief alert] We've just released a new policy brief examining the root causes of household #overindebtedness 👇 1/4
finance-watch.org/publication/ro…

So what's #overindebtedness?🤔

It's when a person 1⃣ doesn't have the income/resources on hand 2⃣ to meet their financial commitments 3⃣ over a sustained period of time, unless 4⃣ the standard of living is reduced below a reasonable level 2/4

And who is at risk of #overindebtedness? As @GlantzEm points out ⏬3/4

With the Consumer Credit Directive currently under review, why is it import that policymakers take steps now to better protect households across the EU from #overindebtedness? 4/4