Over-Indebtedness in the Finnish Consumer Society

The incurring of debts continues to be a major problem in European economies despite the legislative and other preventive policies introduced over the past 10 years. This article discusses the problem of over-indebtedness in the Finnish consumer society. The article focuses on identifying the environmental and household factors promoting indebtedness and reviews the measurements of over-indebtedness. At the end of the article, a few policy instruments to tackle, or even prevent, over-indebtedness are provided. As debt problems are diverse and complex, the focus is to address the debt problem itself, identify its causes and search for tools for solving it. In addition, constructive talk about the indications of the problem and preventive mechanisms is also of essence.