Debt advisor warns

“Many have used up their last reserves”

Thomas Berghuber (61) is head of the Upper Austrian debt counseling service.(Bild: Wenzel Markus)

Inflation is making the debt counseling service's phones run hot. "We have the highest number of first contacts in 13 years," says their boss Thomas Berghuber in an interview with "Krone". The experienced advisor also explains how people get caught up in the "vicious circle" of debt and why over-indebtedness can make you ill.

"Krone": What would you take on debt for?
Thomas Berghuber: For home renovation and for creating living space. Conversely, certainly not for consumption and certainly not for vacations.