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Tuesday, December 06, 2022

Switzerland has more than half a million people indebted

mostly in western Switzerland and Ticino

More than half a million people in Switzerland are highly indebted

The debtor ratio in Switzerland rose slightly at the end of July compared to January. The centers of hyper-indebtedness are western Switzerland and Ticino.

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At the end of July, slightly more people were in debt in Switzerland than in January.

At the end of July, slightly more people were in debt in Switzerland than in January. Western Switzerland and Ticino have the highest debt ratios.

Between January and July 2022, the debtor ratio rose to 6.4 per cent from the previous 6.3 per cent, as announced by credit agency CRIF on Wednesday. During the pandemic, debt has collapsed due to support measures. Now they are rising again with a certain time interval – similar to the bankruptcy of the company.

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