Over-indebtedness in Georgia - 62% of the population has bank debt

“62% of the Georgian population has active debt, 52% of loans are secured by residential real estate,” – these are the results of a study conducted by the Center for Social Justice. The organization’s study also states that the volume of loans taken by citizens is increasing year by year. Experts from the Center for Social Justice talk about the over-indebtedness crisis and indicate that this poses a threat to the financial stability of both fam…