That's the reason why Switzerland has such a high per capita debt [1]. You can deduct your interest payments from the tax payments. So there is an interest to s

That's the reason why Switzerland has such a high per capita debt [1]. You can deduct your interest payments from the tax payments. So there is an interest to stay indebted for homeowners. My parents own a house that they inherited from my grandparents including a debt but both wouldn't pay off the mortgage because of tax reasons. [1] https://www.swissinfo.ch/eng/wealth-ranking_swiss-are-world-s-wealthiest---and-most-indebted/41689124 https://www.swissinfo.ch/eng/wealth-ranking_swiss-are-world-...