Saturday, April 1, 2023

So don’t fall into the debt trap

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A budget plan can help to keep track of income and expenses.


Milena KalinEditor Economics

Debt is one of the biggest taboo subjects. According to the Federal Statistical Office (FSO), in 2020 more than four out of ten people lived in a household with at least one debt, such as vehicle leasing. But leasing can turn out to be a debt trap. It becomes even more problematic when buying becomes intoxicating.

“Anyone can become addicted to shopping,” says Christina Messerli (50), therapist at Berner Gesundheit, a contact point for addicts. Triggers can be strokes of fate such as a divorce or the loss of a job. How to escape the debt trap? The following points can help.

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