European self‑employed increasingly forgo salaries to avoid taking on debtExecutive summary: A Handelsblatt survey found that almost one in two self‑employed individuals across Europe chose to reduce their own salary instead of taking out a loan to keep their businesses afloat. The trend highlights a growing aversion to debt among solo entrepreneurs, which can affect their access to capital, limit expansion, and shape demand for alternative financing products. European solo entrepreneurs, freelancers, and micro‑business owners; the study was conducted by Handelsblatt researchers. Policymakers and financial institutions may explore targeted credit‑guarantee schemes or fintech solutions to address the financing gap, while more sector‑specific surveys could track whether the behavior persists.A Handelsblatt study shows nearly half of Europe's solo entrepreneurs cut their own pay rather than seek loans, preferring financial independence over external financing. The behavior reflects concerns about debt stigma and a desire to retain full control of their businesses. While this approach reduces leverage risk, it may limit growth potential and personal income stability.Connected developmentsStigma durch Kredite: Kleinunternehmer kürzen Gehalt, statt Kredit aufzunehmenStigma durch Kredite: Kleinunternehmer kürzen Gehalt, statt Kredit aufzunehmenOpen the full case file on Beyond →
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