Purchase on installments: Generation Klarna: Young and indebted
Reading time: 6 min.
|In her late 20s, Anna Dieckbreder is facing financial disaster—and she's not alone. Why do so many young people in Germany fall into the debt trap? And what can be done about it?
On a Monday evening in September 2024, Anna Dieckbreder collapses in front of her boyfriend. For days, she'd tried to find a way out, just as she'd often done before: transferring money from one account to another, paying bills with her credit card—knowing the debit wouldn't be due until the following month. But both her accounts are overdrawn, her credit cards are at their limit, and her savings are depleted. In a few days, she has to pay her monthly installment of almost 2,000 euros. But then she gets a call from her bank: She has to settle her account by the end of the month .
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