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270,000 Austrian Households Are Insolvent
The gap between rich and poor households is growing persistently. The number of over-indebted households is still growing.
270,000 Austrian Households Are Insolvent / Picture: © Vindobona.org
The main reasons behind over-indebtedness are unemployment, sickness and divorces. In 28% of all cases, over-indebted persons do not have a job. 14% of the cases were due to divorces or the death of the partner. An accident, a sickness or a sickness caused the over-indebtedness in 12% of all cases. Only 4% of over-indebted persons, wrong investments were the reason.
On average,…
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