Household Debt and Economic Crises

The recent global recession, preceded by easy access to credit, led to a household debt epidemic. This book examines the causes, consequences and potential public policies related to debt from a social policy perspective, in which over-indebtedness is understood as a social risk. Heikki Hiilamo presents a unique conceptual and theoretical approach to the topic –- one of the most pressing social issues of the modern Western world. The trajectories of increasing household debt are studied in the c