Wealth and debt often go hand in hand. The chart shows Swiss household debt at 128% of GDP as of March 2023 (Source: K-Geld 06/2023), mostly driven by mortgage loans.
Do you think this trend will continue ? What would happen in the event of a financial crisis? Any thoughts ?
WhayAny thoughts?
https://i.redd.it/pmurd2hxsgjd1.jpeg
Posted by RhinoInsight
3 Comments
This is probably due to mortgages for houses.
In Switzerland due to tax reasons it’s an advantage to never fully pay back the mortgage.
This is normal in fiat money system, to have any assets at all, someone needs to have debts in order to balance those assets, this is just simple accounting
Not true for everyone.
Wife and I are living perfectly.
Right by the ski lifts. With a sweet and stylin house.
Normal jobs. See you on the slopes.