Young Poles are deep in debt – report

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According to the report released BIG InfoMonitor, young Poles (aged 18-34) have PLN 4.6 billion non-credit debt, while some 12 percent of (18-24 year-olds) have troubles paying their loans on time. “Between March 2016 – March 2017, the number of 18-34 year-olds with non-credit debt has increased by 86k, with their commitments increasing by PLN 1.4 billion,” the report said. The average debt of Poles under 35 is PLN 8,106, with people under 24 having PLN 3,072 debt on average, while 25-34 year-olds have PLN 9,479 in liabilities on average.

Over the course of 10 years, the value of debt has increased from PLN 2.64 billion to PLN 6.81 billion, while the number of young people with debt overdue by at least 90 days has increased from 5.3 percent to 12.1 percent.

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