Turkey has the worst credit addiction in Europe, according to research by Dutch-owned bank, ING.
According to the survey published today 56% of people in Turkey have debt on credit cards, 25% ahead of the EU average.
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Coming in second and third for credit card debt were Romania and the UK, with 31% and 28% respectively.
The survey also explored attitude towards money in the coming year and data suggested that Turks were concerned about their monetary matters with 74% of those surveyed committing to some form of financial New Year’s resolutions.
Comparatively, only 41% of Romanians reported that they would commit to a financial New Year’s resolution, dropping to 26% of Britons.
This is despite around a fifth of those two groups reporting an increase in Christmas spending this year.
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By GlobalDataING economist Ian Bright told the Telegraph, "Perhaps this is because the British are more realistic about the nature of resolutions made in midst of the New Year spirit – or maybe they feel that better financial prospects await them in 2014."
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