ylivelkijä

Ylivelkijä is a Finnish term that translates to "over-debtor" or "chronic debtor." It refers to an individual who is habitually in a state of significant debt, often struggling to meet their financial obligations. This can be a persistent problem, impacting various aspects of their life.

The condition of being an ylivelkijä is not typically a formal legal or medical diagnosis, but rather a descriptive term used in discussions about personal finance and social welfare. Factors contributing to this state can include a combination of factors such as low income, unexpected expenses, poor financial management skills, impulsive spending habits, or difficulties in securing stable employment. In some cases, underlying issues like gambling addiction or mental health challenges can also play a role.

Societal consequences for an ylivelkijä can be substantial. They may face difficulties in obtaining credit, securing housing, or even maintaining essential services. The constant stress and worry associated with debt can lead to significant mental and physical health problems. In Finland, social services and debt counseling agencies offer support and guidance to individuals struggling with severe debt, aiming to help them regain financial stability and address the root causes of their over-indebtedness. The term highlights a societal challenge that requires both individual responsibility and supportive interventions.