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Germany prides itself on providing a generous welfare state — free universities, universal healthcare and promises of protection from life’s hardest blows are a key part of its contemporary identity, at least on paper.
In practice, an illness, accident or addiction could potentially be enough to tip households into a financial spiral of debt that lasts years, according to a new national report.
The Überschuldungsreport 2025, published by the Institute for Financial Services and the Foundation for Private Over-Indebtedness Prevention, paints a stark picture: health-related problems are now the single biggest driver of overindebtedness in Germany, pushing more people into unpayable d
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