by © 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 ...
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© 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.
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