📰New policy brief on the Scale of Debt

Arnaud Natal and Isabelle Guérin provide a first estimate of the global scale of everyday indebtedness.💡Their findings suggest that 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝟯𝟯 𝗽𝗲𝗿 𝗰𝗲𝗻𝘁 𝗼𝗳 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱’𝘀 𝗽𝗼𝗽𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗿𝗲𝗹𝗶𝗲𝘀 𝗼𝗻 𝗯𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 𝘁𝗼 𝗺𝗲𝗲𝘁 𝗯𝗮𝘀𝗶𝗰 𝗻𝗲𝗲𝗱𝘀 (𝗶.𝗲., 𝗼𝘃𝗲𝗿 𝟮.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗽𝗲𝗼𝗽𝗹𝗲), a figure that is likely underestimated. This widespread reliance on debt reflects structural gaps in incomes, labour markets, and social protection systems, and calls for renewed attention to everyday forms of borrowing that remain largely invi...