Debt Counseling in Saxony: Demand Remains High

Excessive debt is not just a financial problem

“Excessive debt is rarely a purely financial problem. It affects nearly all areas of life and often leads to social isolation, family crises, and health problems,” explained League Chairman Dietrich Bauer. Strong debt counseling stabilizes people, prevents follow-up costs, and creates new prospects.

Debt counseling enables those affected to make a fresh start

“Debt counseling enables people to make a fresh start. Without sufficient funding, there is a risk of longer wait times and gaps in service, especially for people in difficult life situations,” emphasized Johanna Rautenberg, head of the League’s Debt Counseling Subcommittee.

Current developments are further exacerbating the situation, the statement continued: “Illness, addiction, and accidents are now the most common causes of personal over-indebtedness in Germany—even ahead of unemployment. At the same time, the economic benefits of early counseling are clear: According to studies, every euro invested saves between 1.40 and 5.30 euros in subsequent social costs.”