The coronavirus (COVID-19) pandemic presents unprecedented health, social and economic challenges for Europe, and has profound implications for the way people live and work across the globe. One of the changes that it is already having is the proportion of people working from home.
People aged 25-34 are most likely to be in arrears in the EU, according to Eurofound’s new report on Addressing household over-indebtedness. Among this age group, 21% of people surveyed in the 2016 European Quality of Life Survey reported being in some form of arrears.
The onset of the COVID-19 pandemic has thrown societies around the world into flux and threatens to undo some of the positive progress that has taken place in recent years. However decreasing levels of societal tensions, such has been the case in Greece, may be a positive indicator of strengthening solidarity in society which is important in these difficult times.
The coronavirus (COVID-19) crisis, and the economic and social challenges that it entails, comes at a time when many vulnerable groups in Europe were already exposed to debt and arrears, according to Eurofound’s new research on household indebtedness.
