Over 120,000 young people in Bulgaria are in debt, what is the reason?

More than 120,000 young people in the country under the age of 30 are debtors with non-performing loans. Poor management of personal finances is among the leading reasons why young people in Bulgaria become debtors at an early age.

The Chamber of Private Bailiffs has launched a national campaign "Managing personal finances and credit - basic rules and informed decisions". This is a joint initiative with the Ministry of Education and Science and aims to raise financial literacy among students in upper grades - 10th to 12th grade.