FCA Insight: Debt and wellbeing – measuring the human price of borrowing
Regulatory Updates | 19/01/21
Money can’t buy happiness, or so the saying goes. But no-one doubts that problem debts can take a significant emotional toll on borrowers. Research commissioned by the FCA aims to help estimate the magnitude of the adverse psychological effects of certain types of debt and provides an opportunity to better understand the benefits of consumer credit interventions.