Comment by wiether
17 days ago
Are you talking about the same thing?
Sure, in Europe people will subscribe to a credit to buy a car or materials to improve their home.
But buying your groceries or lunch with a credit card is quite a rare exception.
17 days ago
Are you talking about the same thing?
Sure, in Europe people will subscribe to a credit to buy a car or materials to improve their home.
But buying your groceries or lunch with a credit card is quite a rare exception.
There is a significant amount both in credit card debt, buy-now-pay-later type offerings (e.g. Klarna), and payday loans - it's by no means all larger loans.
It also varies greatly by country, but all major European countries still have significant credit card (not consumer, so excluding e.g. car loans) debt, with the most "credit willing" countries like the UK reaching around 1/3 the US average credit card balance (but you'd also want to adjust for average salaries before comparing these). There is no single attitude to this across Europe.