Article Tools

270,000 Austrian Households Are Insolvent

Published: September 4, 2012; 20:36 · (Vindobona)

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: ©

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,…

This article includes a total of 92 words.

or Log In

Fast News Search
Read More