At times of financial crisis and a rapid growth of poverty in European countries, we also observe a rapid growth of youth-poverty. Young people are suffering increasingly from high debts, as well as in Austria and in other German speaking countries. As a result, the financial future of the youth is at risk. On the one hand, the reasons for this modern development are widely described scientifically. On the other hand, efficiency evaluations of the numerous programs suggested of prevention for young people have not yet been done. This research makes an attempt to create an overview of the debt-prevention projects and measures in Austria, using qualitative and quantitative methods, such as experts interviews and questionnaires. It has also reviewed the goals and methods of these debt prevention programs, and compared to the theoretical information regarding this issue found in professional literature.
The results of this research shows that the majority of the offered debt-prevention is aimed to influence the behavioral reasons that cause youth-debt, such as their consuming culture or their decision-making referring financial issues. A situational prevention is being only rarely practiced. Furthermore it has been proven, that the majority of those offers are interested in improving the financial literacy of young people as well as keeping them safe of getting involved in high debt by providing them the necessary understanding of financial risks and by increasing their financial awareness. In addition to that, the prompt necessity for a professional debt-prevention has been clearly recognized, as well as the necessity for a broad scaled professional evaluation of the existing debt-prevention offers.