Middle class shrinks in Switzerland

Last update February 11, 2021

Investec February 11, 2021 SNB & CHF

by
Investec
My articles My books My videos
Follow on:Twitter

Summary:
Statistics published at the end of January 2021 show a fall in the percentage of the population included in the definition of middle class in Switzerland. © Rawpixelimages | Dreamstime.com Middle class includes everyone belonging to a household with a gross income of between 70% and 150% of the median, according to a definition by Switzerland’s Federal Statistical Office. In 2018, single-person households with gross monthly incomes of between CHF 4,094 and CHF 8,773 and families of two adults and two children with monthly incomes between CHF 8,597 and CHF 18,423 were considered middle class. This group made up 56.6% of the population. This is the lowest percentage since 1997. Since 1997, the percentage has moved up and down between 61.3% (2009) and 56.6% (2018).

Topics:
Investec considers the following as important: 3) Swiss Markets and News, 3.) Personal Finance, Editor's Choice, Featured, Middle class income Switzerland, newsletter, Personal finance

This could be interesting, too:

Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI

Ryan McMaken writes A Free-Market Guide to Trump’s Immigration Crackdown

Wanjiru Njoya writes Post-Election Prospects for Ending DEI

Swiss Customs writes Octobre 2024 : la chimie-pharma détermine le record à l’export

Statistics published at the end of January 2021 show a fall in the percentage of the population included in the definition of middle class in Switzerland.

Middle class includes everyone belonging to a household with a gross income of between 70% and 150% of the median, according to a definition by Switzerland’s Federal Statistical Office.

In 2018, single-person households with gross monthly incomes of between CHF 4,094 and CHF 8,773 and families of two adults and two children with monthly incomes between CHF 8,597 and CHF 18,423 were considered middle class. This group made up 56.6% of the population. This is the lowest percentage since 1997.

Since 1997, the percentage has moved up and down between 61.3% (2009) and 56.6% (2018). In 2018, 23.6% had incomes below the middle class threshold and 19.9% had incomes above.

The median income in a single person household in 2018 in Switzerland was CHF 5,849 a month or CHF 70,188 annually (US$ 78,820). This has risen by 22% since 1998. The same figure in 2018 for a household of two adults and two children was CHF 147,377 (US$ 165,500).