Monday, April 13, 2015

Parents most indebted to help unemployed children – Business Journal – Portugal

Changes in working conditions continue to dominate applications for aid for Deco by excessive debt. But there is an increase in the number of parents who runs into trouble after receiving their children at home stopped working.

The Deco, the consumer protection association, is experiencing an increase in the number of cases of parents who face difficulties in dealing with loans due to financial support they have to give to the children. Already were 10 out of 100 new cases opened in the first quarter of this year in the Office of Support for over-indebted, up from the average of 8% in 2014.

The numbers are advanced by the association Live Money / DN / JN giving account of a stabilization of the support of indebted households requests that, in the first half totaled 7,354 cases. What seems to be changing are the motives of aid applications:. The household change and enacted foreclosures are gaining weight, and explained already 20% of cases

Most of the time, changes household relate to parents, many already elderly, which receive at home unemployed or children who can no longer afford home ownership, writes Mad Money / JN / DN: “These are people who had to receive the children and see your income be affected “says Natalia Nunes, coordinator of GAS, quoted by the publication.

The job losses and deteriorating working conditions remain the factors that contribute most to aid applications to Deco explaining about 60% of the total, with equal contributions by each of the factors also records the association.

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