A recent OECD study, which looks at retirement, shows the relatively large amount spent on pensioners in Switzerland. Switzerland consumes 11% of its GDP on retirees, compared to 9% across OECD nations. Despite this high spending, the risk of poverty is higher in Switzerland than across the OECD. According to the organisation, 19% of those […]
Large email hack reported – Swiss agency tool lets you check if your account was compromised
It’s the question lurking in many people’s minds, especially during the frenzy of online Christmas shopping: has my email account been hacked? MELANI has got your back – up to a point. The Reporting and Analysis Centre for Information Assurance (MELANI), is part of the Swiss Federal Intelligence Service. They have recently come into possession […]
Airbnb charges some customers more than others, particularly the Swiss
Many Swiss residents travel to neighbouring eurozone countries for their holidays. These countries are close and Swiss francs go far there. However, to get the most out of a strong currency you need a good exchange rate. If a Swiss resident presenting euro cash at a checkout in Germany or France was told they couldn’t […]
Swiss village offering to pay people to live there inundated with applications
After the Swiss mountain village of Albinen hatched a plan to pay parents (CHF 25,000 each) and children (CHF 10,000 each) to move there, it has been inundated with applicants. Articles about the offer have been published by Time, The Sunday Times, The Sun, El Pais, and many other publications. Rather than celebrating, the picturesque town’s administration is unhappy. […]
Amazon Prime coming to Switzerland
According to the newspaper Bilanz, Amazon has signed an agreement with Swiss post to provide rapid customs clearance. The head of postal customs, Felix Stierli, confirmed discussions with the company. A maximum customs clearance time of 3 hours will allow 24-hour delivery, one element of Amazon’s Prime offer. Once Prime is available, Swiss customers will […]
What an average Swiss family spends on food and drink
If you’ve ever wondered what families in Switzerland spend on groceries, then here is a breakdown. Figures are taken from mean household income and expenditure data recently published by the Federal Statistical office for 2015. More on this: Federal Statistical Office report (in French) – Take a 5 minute French test now For more stories like this […]
Where an average Swiss household spends its income
A recent report from Switzerland Federal Statistical Office shows how an average Swiss household spends its income. In 2015, the mean income was CHF 9,946 per month, including all forms of income and any 13th month payment received at the end of the year. This means an average Swiss household of 2.17 people had CHF 119,352 […]
Swiss still richest, according to Credit Suisse
The Credit Suisse 2017 Global Wealth Report, shows total global wealth rose 6.4% to USD 280 trillion in 2016, taking it to the its highest level since 2007, before the financial meltdown in 2008. Globally, average wealth per adult was USD 56,540. In Switzerland, the same figure was USD 537,600 (CHF 533,000), close to ten […]
Swiss government moves closer to personal digital IDs
The idea of digital IDs in Switzerland has been kicked around since 2002 when the government decided it was a good idea. Since then it has been hotly debated. Following a process of consultation, the government met on 15 November 2017, and announced it’s aiming to have some form of digital or e-ID written into Swiss […]
Reimbursement in Switzerland for drugs bought abroad could soon be possible
According to the newspaper NZZ am Sonntag, Switzerland’s federal government wants to allow Switzerland’s residents to claim for drugs bought abroad. Prices across the border are generally far lower. As recently as March 2017, the government told insurers that anyone buying medicines abroad would have to pay for them out of their own pockets. Now […]
