Sunday , November 24 2024
Home / SNB & CHF / Average Swiss household income reaches nearly 115,000 francs

Average Swiss household income reaches nearly 115,000 francs

Summary:
© Petrina Calabalic | Dreamstime.com The gross mean household income in Switzerland was CHF 114,984 (US$ 125,000) in 2019, according to the Federal Statistical Office (FSO). Overall, 40% of households in Switzerland had income over this mean while 60% brought in less. 73% of this income came from working, 23% came from pensions, welfare and ...

Topics:
Investec considers the following as important: , , , , , , ,

This could be interesting, too:

Investec writes Swiss to vote on tenancy laws this weekend

Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21

Charles Hugh Smith writes How Do We Fix the Collapse of Quality?

Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI

Average Swiss household income reaches nearly 115,000 francs

© Petrina Calabalic | Dreamstime.com

The gross mean household income in Switzerland was CHF 114,984 (US$ 125,000) in 2019, according to the Federal Statistical Office (FSO).

Overall, 40% of households in Switzerland had income over this mean while 60% brought in less.

73% of this income came from working, 23% came from pensions, welfare and household transfers such as alimony, and 4% from investment income.

In many places an income this high would offer a life of mild extravagance. However, in Switzerland, it disappears fairly fast.

37% went on taxes, compulsory health insurance, other unavoidable insurance and household transfers such as alimony. A further 14% went on housing and energy, 6% on food and 7% on transport, bringing the total consumed to 65%.

At this point expenditure becomes more discretionary. 6% is spent on dining and hotels, 5% on leisure and 12% on other unspecified things. At this point around 13% is left for a rainy day, amounting to average savings of CHF 14,784 a year.


Tags: ,,,,

Average Swiss household income reaches nearly 115,000 francsDon’t miss posts anymore!
Subscribe to our newsletter!

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *