Nearly 40% of Bulgarians Unable to Save, Indebtedness Rising
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Nearly 120,000 Young Bulgarians Struggling with Debt
- Tweet
Send to Kindle
Photo: Stella Ivanova
Nearly 120,000 young Bulgarians are currently in debt, with enforcement cases filed against them. This information was shared by the Chamber of Private Enforcement Agents during a training session organized as part of the National Campaign "Managing Personal Finances and Credits – Basic Rules and Informed Decisions," BTA reports. The data highlights a concerning trend of decreasing debtor age in Bulgaria in recent years.
Of those affected, around 4,000 are aged between 18 and 20 years. In the 20 to 25 age bracket, the number climbs to 36,000. The largest group comprises individuals under 30 years old, totaling over 80,000.
This issue underscores the growing financial challenges faced by young people in the country and the importance of financial literacy and informed decision-making when managing personal finances and credit obligations.
Source: BTA
Related Articles:
Half of Bulgarians Oppose Eurozone Membership, Survey Finds
A recent large-scale online survey conducted by Tavex, involving thousands of participants engaged in gold and currency trading, has revealed that every second Bulgarian is against the country adopting the euro
Bulgarians Drive Real Estate Demand and Price Growth in Northern Greece
Bulgarians rank among the leading buyers of real estate in Northern Greece
Low-Budget Airline Reveals Bulgarians’ Top Easter Travel Spots
Ryanair has analyzed booking trends for the period from April 17–24, 2025, to determine the most favored Easter travel destinations for Bulgarian passengers
Bulgaria’s Newly Accumulated Debt for 2025 Reaches 1.5 Billion Leva
Bulgaria has accumulated 1.5 billion leva in new debt since the beginning of the year
Over 40% of Bulgarians Express Worries About Artificial Intelligence
A recent survey conducted by the "Myara" agency reveals that 42% of Bulgarians express concern about the development of artificial intelligence
Society | April 4, 2025, Friday // 15:00
Fears vs. Facts: How Inflation Really Changed in Countries That Adopted the Euro
On June 4, Bulgaria will find out whether the euro will officially replace the lev in January 2026
Bulgaria Sees Surge in Counterfeit 20-BGN Notes in Early 2025
In the first quarter of 2025, the 20-BGN banknote has overtaken the 100-BGN note as the most frequently counterfeited denomination in Bulgaria,
Nearly 40% of Bulgarians Unable to Save, Indebtedness Rising
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Should Bulgarians Start Exchanging Their Levs for Euros?
Bulgarians may begin exchanging their lev for euros if the upcoming convergence report
Here's When We'll Finally Know if Bulgaria Will Join the Eurozone
In July, Bulgaria’s eurozone entry plans will be definitively clarified
Bulgaria Achieves Inflation Target for Eurozone Entry, EC Set to Deliver Readiness Report Very Soon
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
