High inflation and decreasing purchasing power, directs citizens to credit cards even for basic needs. Official data, Reveals the dangerous rise in credit card debts and the record increase in bad debts.
Economic environment dominated by high interest rates and inflation, making it increasingly difficult for citizens to make a living. wide cuts, especially healthcare workers, have become heavily dependent on credit cards to meet their basic needs. this situation, to pay off debt “card to card” rapidly increases the number of pass-throughs and therefore the total debt balance.
Non-Instalment Expenditures Quadrupled
Banking Regulation and Supervision Agency (BRSA) According to data, individual credit card debts raise alarm. 7 Individual credit card debts as of November week 1 trillion 610 billion liras without installments, 939 billion lira was made up of installment expenditures.. Especially referring to daily needs for non-installment expenses compared to the same period last year %47 increase recorded.
In June 2023, when the Minister of Treasury and Finance Mehmet Şimşek takes office 403,4 Billion lira installment-free credit card debt, in about two and a half years quadrupled jumped out.
Credit Card Spending Increased Debit Card Spending by 5 Times
Increasing financial difficulties, He also changed his spending methods. Spending made with debit cards in September, spending with credit cards 5 thick reached the level. According to Interbank Card Center data, 1 trillion 848 billion lira credit card spending, with debit cards only 359 Billion lira payment was made.
Approximate credit card spending %25's market and food consisting of transactions, It shows that the citizen uses the card to meet basic food needs..
In Bad Debts %150 Increase
Debts falling under follow-up on individual credit cards as a result of inability to pay debts are growing rapidly.. Bad credit card debts, 115 billion 236 for million lira broke the record by reaching. Same period last year 46 billion 855 This amount is million lira, in the last year 2,5 kat (approximately %150) It shows that there is an increase.
Hunger Line Minimum Wage 5 Exceeded a Thousand Liras
The rise in food prices, which is the main cause of economic difficulties, It clearly shows the situation. United Metal Workers Union announced yesterday (BISAM) according to data:
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Monthly expenditure for a family of four to have a healthy diet hunger limit 26 bin 925 to lira rose and the minimum wage increased by about 5 exceeded a thousand liras.
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Education, health, Including mandatory expenses such as accommodation If the poverty line is 93 bin 135 to lira output. this figure, current minimum wage 4 more than times corresponds to an amount.
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The cost of living for a single person is 43 for a thousand liras reached.
According to BİSAM data, a person's daily food expenditure that's it 898 lira has to be. of this expenditure 297 lira for dairy products, 227 100,000 lira goes to the meat-egg-legume group.
