Austria's heirs: How much does it really remain from an inheritance?

An alarming analysis shows the financial situation of households in Austria and Germany. While the Krone found that many heirs not only take over, but also debts from the deceased, the Dasfinance Over -indebtedness situation in Germany. Only a view of the numbers reveals how unequal these inheritance are distributed and how strongly debts are rooted in the Austrian and German households.

An investigation by the Vienna University of Economic Affairs showed that the richest ten percent of the heirs in Austria benefit from high assets in Austria. In contrast, the poorest often remain ten percent on debts. This information from the more than 20,000 valued estate procedures gives a bright light on the challenges that many heirs face, and clarify that not every legacy is blessed.

over -indebtedness in Germany

In Germany, around 6.85 million citizens struggle with over -indebtedness. This corresponds to an over -indebtedness rate of around 9.87 percent, as the Federal Statistical Office stated. Men in particular are affected - around 4.17 million of them are over -indebted. The average debt burden amounts to around 28,200 euros per capita, while people who were falling into debt trap due to failed real estate financing are loaded with an average of EUR 114,440. These terrifying numbers illustrate how precarious the financial situation of many people has become and how crucial it is to recognize early warning signals.

Together, the two reports show how the financial reality differs significantly in two neighboring countries, while both inheritances and debts shape this reality. In Austria without inheritance tax, reliable data remain rare, but the current studies show that here, too, debts debt over many inheritance. Will measures will soon be necessary to improve transparency and to support over -indebted households in both countries?