In the realm of Switzerland's high living costs, discerning what constitutes wealth can be a query on many minds. Fortunately, insights from the Swiss Federal Statistical Office (FSO) offer clarity.
Income Tiers in Switzerland
Switzerland categorizes income into lower, middle, and higher brackets, based on set parameters. The FSO delineates "middle income" as salaries between 70 and 150 percent of the national median income, while those surpassing 150 percent are deemed affluent.
Thresholds for Wealth
To be considered affluent in Switzerland, an individual must earn a minimum of 8,508 francs monthly before tax, or 102,096 francs annually. For a family with two children, this benchmark rises to 17,867 francs monthly or 214,404 francs yearly.
Majority in the Middle
Interestingly, the majority of Swiss residents, about 57.6 percent, fall into the middle-income category. Over the last two decades, middle-income salaries have outpaced inflation, reflecting a 15.9 percent increase.
Evolving Income Dynamics
While lower-income earners experienced marginal growth, the wealthiest segment witnessed a notable surge of 17 percent. These insights shed light on the intricate tapestry of wealth distribution in Switzerland.
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