Over-indebtedness Debtor rate in Switzerland continues to fall slightly
The number of indebted private individuals in Switzerland has fallen slightly again this year. The so-called debtor rate had fallen to 5.5 percent by the end of August, compared to 5.6 percent in January.
27.09.2024, 12:49
SDA
The reasons for the decline are the growing population and the good economic situation, the credit agency Crif announced in a press release on Friday. In total, just under 413,000 people are considered to be over-indebted.
Debtor rates have fallen slightly in some cantons and risen slightly in others. However, there are major regional differences. Western Switzerland has a significantly higher rate of debtors than the rest of Switzerland. The canton of Neuchâtel continues to lead the way, with the highest debtor rate in the country at 9.2%. It is followed by the cantons of Geneva with 8.8% and Basel with 7.3%.
Fewest debtors in eastern and central Switzerland
The cantons of Eastern and Central Switzerland have the fewest debtors. The best off is the canton of Appenzell Innerrhoden, which has the lowest debtor rate in Switzerland at just 1.4%. Uri (2.4 percent), Zug (2.5 percent), Obwalden (2.6 percent) and Nidwalden (2.7 percent) are also better off than the rest of the cantons.
There are also major differences between the sexes, as Crif found: Men are more over-indebted than women. According to the press release, men between the ages of 38 and 41 have the highest debtor rate. However, there are not differences in all age categories. In the age group between 18 and 24, for example, both genders are equally over-indebted.
To determine the debtor rate, all private individuals over the age of 18 who had debt enforcement proceedings as of the request for continuation, bankruptcy and certificates of loss were taken into account.
