Czech Republic - Caritas poverty report - May 31, 2017

Every fifth family with dependent children is financially poorly off, according to a new Caritas survey. Many find themselves in debt traps they are unable to escape from. The biggest factor behind families falling in debt is income poverty. Another important cause is insufficient legal regulation of consumer loans making the customers unprotected. Financial literacy also has an effect but overall it is more about people taking loans because they just can’t meet basic needs.

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