Wealthy family to pay off all debts for 3,000 Rotterdam families, as Arnhem helps others
NL TimesAfter the city of Arnhem announced plans to pay off all debts of approximately 50 households in Immerloo, which is listed as the most impoverished postal code area in the Netherlands, a family worth billions in in Rotterdam announced plans to do the same for their region. The Van der Vorm family wants to work with 1,000 families in Rotterdam over the next three years to wipe out their debts entirely. Some 15,000 Rotterdam children grow up in families that are unable make ends meet due to debts, sometimes due to personal problems, and other times simply due to bad luck. Arnhem debt resolution for impoverished families The Arnhem experiment hopes to demonstrate that once debts have disappeared completely, other problems like domestic violence, addiction, neglect, and unemployment are easier to tackle, according to NOS. According to the Arnhem mayor and aldermen, the Netherlands spends about 17 billion euros per year to resolve problematic debts, while the total debt value is much lower at around 3.5 billion euros.
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