France Sees 10.8% Rise in Overindebtedness Cases in 2024
The Banque de France reports a significant increase in debt filings, reflecting ongoing financial struggles for households despite some signs of economic stabilization.
- Over 134,800 overindebtedness cases were filed with the Banque de France in 2024, a 10.8% increase compared to 2023.
- The rise follows an 8% increase in 2023, with the first half of 2024 seeing a particularly sharp 12.6% jump in filings year-over-year.
- Registrations in the FICP, a database tracking credit repayment difficulties, also rose by 3.1% in 2024, totaling over 908,000 entries.
- In contrast, financial indicators such as bounced check listings and bank account access requests saw declines of 10.9% and 3.2%, respectively, compared to 2023.
- Nearly 2 million individuals sought financial advice or assistance from the Banque de France in 2024, highlighting widespread concerns about economic inclusion.