Tag Archives: Personal finance

On 25 November 2018, Swiss will vote on whether to accept laws allowing detectives to uncover welfare fraud. ©-Dan-Grytsku-_-Dreamstime.com_ - Click to enlarge Currently, there is nothing specific in Swiss law covering the practice. In the past, investigators have been used to gather evidence on disability and accident beneficiaries. Between 2009 and 2016, detectives were used on around 220 investigations a year, of...

The latest figures forecast Switzerland’s federal spending for 2018 will be CHF 0.9 billion less than expected. This and higher than expected receipts of CHF 1.3 billion add up to an extra CHF 2.2 billion on top of an original budget surplus of CHF 0.3 billion, bringing the total forecast federal surplus to CHF 2.5 billion. © Marekusz | Dreamstime.com Switzerland’s federal government is now expecting to spend CHF 70.2 billion is 2018, around CHF 8,300 per resident. The extra revenue is driven...

According to the annual wealth report produced by Credit Suisse, Switzerland leads on wealth per adult with US$ 530,240, comfortably ahead of second-placed Australia where the figure is US$ 411,060. The US is third with US$ 403,060. © Sam74100 | Dreamstime.com During the twelve months to mid-2018, aggregate global wealth rose by US$ 14.0 trillion to US$ 317 trillion, a growth rate of 4.6%. Wealth per adult grew by 3.2%, raising global mean wealth to USD 63,100 per adult, a record high. There...

On 25 November 2018, Swiss will vote on whether to accept laws allowing detectives to uncover welfare fraud. © Dan Grytsku | Dreamstime.com Currently, there is nothing specific in Swiss law covering the practice. In the past, investigators have been used to gather evidence on disability and accident beneficiaries. Between 2009 and 2016, detectives were used on around 220 investigations a year, of which around two thirds were found guilty of fraud. In 2016, the European court of human rights...

Swiss healthcare costs of 12.2% of GDP are the world’s second highest after the United States where healthcare consumes 17.1% of GDP, according to 2016 figures presented by the Federal Statistical Office on 18 October 2018. © Victorrustle | Dreamstime.com Switzerland spent CHF 80.5 billion on healthcare in 2016, the latest figures reveal. This comes out at around CHF 9,600 per resident per year across all age groups. The percentage of GDP spent on healthcare in Switzerland was 5.2% in 1960,...

By 2017, 40.5% of those married in 1987 were divorced, compared to 33.2% of those married in 1977 and 24.7% of those married in 1967. ©-Bacho12345-_-Dreamstime.com_ - Click to enlarge Divorce in Switzerland starts early. 9.4% of those married in 1987 were divorced after five years, as were 8.1% of those married in 1977 and 4.8% of those who tied the knot in 1967. However, rates of divorce among the more recently...

In 2017, 15,906 couples in Switzerland got divorced after an average of 15.1 years together. The majority (56%) split before their 15th anniversary. © Bacho12345 | Dreamstime.com In 2017, 40.5% of those married for more than 30 years were divorced, compared to 40.3% in 2016. Breaking up after 30 years of marriage has been rising since records began in 1920 and has risen from 24.7% to 40.5% over the last 20 years. However, while the rate of divorce after 30 years of marriage has risen, the...

More bad news for Swiss household budgets was released today for residents of all but three Swiss cantons. ©-Hai-Huy-Ton-That-_-Dreamstime.com_ - Click to enlarge Health insurance premiums in 2019 will be on average 1.2% higher than in 2018 across Switzerland as a whole. However, within this figure there are significant cantonal variations. Hardest hit will be residents of Valais (+3.6%) and Neuchâtel (+3.1%), while...

More bad news for Swiss household budgets was released today for residents of all but three Swiss cantons. © Hai Huy Ton That _ Dreamstime.com Health insurance premiums in 2019 will be on average 1.2% higher than in 2018 across Switzerland as a whole. However, within this figure there are significant cantonal variations. Hardest hit will be residents of Valais (+3.6%) and Neuchâtel (+3.1%), while those of Appenzell Inherrhoden (-1.5%), Uri (-1.5%) and Zug (+0%) will be spared a shock induced...

After listening to the culprit claim she had committed the fraud to help her family, the judge sentenced her to deportation, according to the newspaper 20 Minutes. © Edward Olive | Dreamstime.com For the judge, the woman’s latest act of fraud, claiming unemployment benefits while working, was the straw that broke the camel’s back. This was the woman’s third welfare fraud offense. She would have been deported earlier if she hadn’t been pregnant. Previously, her husband had been deported but...