{"id":9597,"date":"2019-01-11T16:48:22","date_gmt":"2019-01-11T15:48:22","guid":{"rendered":"https:\/\/schweizerfinanzblog.ch\/saving-in-switzerland-how-much-switzerland-saves\/"},"modified":"2024-12-05T14:12:31","modified_gmt":"2024-12-05T13:12:31","slug":"saving-in-switzerland-how-much-switzerland-saves","status":"publish","type":"post","link":"https:\/\/schweizerfinanzblog.ch\/en\/saving-in-switzerland-how-much-switzerland-saves\/","title":{"rendered":"Saving in Switzerland: How much Switzerland saves"},"content":{"rendered":"\n<p><strong>We Swiss are often said to be good with money. But do we really live up to this reputation in an international comparison? And how is the savings of Mrs. and Mr. Swiss actually distributed among private households? Do we save in general or is saving limited to the high income brackets? You can find the answers to these questions in this article.    <\/strong><\/p>\n\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/post-info-component\/post-info-component.css\">\n<div class=\"post-info-component\">\n\t\t<div class=\"von-and-comments\">\n\t\t\t\t\t<a target=\"_blank\" href=\"https:\/\/schweizerfinanzblog.ch\/ueber-uns\/\">Stefan &amp; Toni<\/a>\n\t\t\t\t <span>| <a href=\"#comments\">2 Comments<\/a><\/span> \t\t\n\t<\/div>\n\t<div class=\"post-dates\">\n\t\tpublished on 11.1.2019\t<\/div>\n<\/div>\n<div id=\"toc_container\" class=\"no_bullets\"><p class=\"toc_title\">Contents<\/p><ul class=\"toc_list\"><li><a href=\"#The_Swiss_save_around_a_fifth_8211_only_China_saves_more\">The Swiss save around a fifth &#8211; only China saves more<\/a><\/li><li><a href=\"#Four-figure_savings_on_the_high_side_8211_every_month\">Four-figure savings on the high side &#8211; every month!<\/a><\/li><li><a href=\"#40_percent_of_Swiss_households_do_not_save\">40 percent of Swiss households do not save<\/a><\/li><li><a href=\"#Conclusion\">Conclusion<\/a><\/li><li><a href=\"#This_might_also_interest_you\">This might also interest you<\/a><\/li><\/ul><\/div>\n<h2 class=\"wp-block-heading\"><span id=\"The_Swiss_save_around_a_fifth_8211_only_China_saves_more\">The Swiss save around a fifth &#8211; only China saves more<\/span><\/h2>\n\n<p>A look at the latest <a href=\"https:\/\/data.oecd.org\/hha\/household-savings.htm#indicator-chart\" target=\"_blank\" rel=\"noopener\">OECD data<\/a>, which compares the savings rates of private households in more than 30 OECD countries, seems to confirm the Swiss&#8217;s alleged propensity to save: After all, with a <strong>savings rate of 18.8%<\/strong> (2016), Switzerland is in second place worldwide behind China (2015: 37.1%), followed by Sweden (2016: 16.6%) and far ahead of countries such as Germany (2016: 9.7%), Austria (2016: 7.9%) and the USA (2016: 5.0%).  <img decoding=\"async\" src=\"http:\/\/pl01.owen.prolitteris.ch\/na\/plzm.c47cb2ce-f2a1-47d6-9d24-cd852e28027b\" width=\"1\" height=\"1\" border=\"0\"\/><\/p>\n\n<p>These values are in relation to <strong>disposable household income.<\/strong> Compulsory savings in the form of mandatory <strong>occupational pensions,<\/strong> which Switzerland &#8211; unlike the USA, for example &#8211; has, are not included. Swiss households therefore have an <strong>above-average, voluntary propensity to save<\/strong> compared to other countries. <\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"Four-figure_savings_on_the_high_side_8211_every_month\">Four-figure savings on the high side &#8211; every month!<\/span><\/h2>\n\n<p>What does this mean in concrete terms, i.e. how many francs can Swiss households put aside? According to the Federal Statistical Office, the average (voluntary) savings amount for the years 2012 to 2014 is exactly <strong>CHF 1,410<\/strong> per month and household (see Figure 1). <\/p>\n\n<figure class=\"wp-block-image alignnone\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/01\/Sparen_gr-d-20.02.01-iwm-computed_thumbnailmitRahmen_optimized.png\" alt=\"Saving\"\/><figcaption class=\"wp-element-caption\">Figure 1: The average savings rate is CHF 1,410 and increases with rising income.<\/figcaption><\/figure>\n\n<p><\/p>\n\n<p class=\"has-text-align-center has-text-color has-link-color wp-elements-f0e1c7c7a6d9ce25c205b413ed89ef70\" style=\"color:#37c392\"><em><strong>&#8211; Partner Offer &#8211;<\/strong><\/em><\/p>\n\n<p class=\"has-text-align-center\"><span style=\"font-family: georgia, palatino, serif;\"><em>Saving is before investing: According to our experience and due to the low costs for ETFs, &#8220;DEGIRO&#8221; is currently a particularly attractive broker (link to <a href=\"https:\/\/schweizerfinanzblog.ch\/degiro-review-etf-sparplan-schweiz\/\" target=\"_blank\" rel=\"noopener\">DEGIRO review<\/a>). <\/em><\/span><em>If you are interested, you can register with DEGIRO via our <a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noreferrer noopener\">partner link<\/a>, which will give you<strong> trading credits of CHF 100 <\/strong>(with <a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noopener\">conditions<\/a>) and support our blog at the same time. <\/em> <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/11\/DEGIRO_Banner_EN.png\" alt=\"\" class=\"wp-image-6721\"\/><\/a><\/figure>\n<\/div>\n<p class=\"has-text-align-center\"><span style=\"font-size: 14pt;\"><span style=\"color: #339966;\"><i><span style=\"color: #37c392;\"><strong>&#8211; &#8211; &#8211; &#8211; &#8211;<\/strong><\/span><\/i><\/span><\/span><\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"40_percent_of_Swiss_households_do_not_save\">40 percent of Swiss households do not save<\/span><\/h2>\n\n<p>If we take a closer look at the <a href=\"https:\/\/www.bfs.admin.ch\/bfs\/de\/home\/statistiken\/wirtschaftliche-soziale-situation-bevoelkerung\/einkommen-verbrauch-vermoegen\/haushaltsbudget.assetdetail.1400581.html\" target=\"_blank\" rel=\"nofollow noopener\">sample<\/a>, it is noticeable that the propensity to save among Swiss households varies greatly and &#8211; unsurprisingly &#8211; depends on income. The 40 percent (1st and 2nd quantile) households with the lowest incomes even have a negative (!) savings amount. Only from the third quantile onwards does the monthly savings amount become positive at CHF 860, rising sharply from CHF 1,941 (4th quantile) to CHF 4,662 (5th quantile or top fifth of income).  <\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"Conclusion\">Conclusion<\/span><\/h2>\n\n<p>We Swiss may be remarkable savers from an international perspective and based on average figures, but this picture is put into perspective when looking at the savings rate per household and income bracket: to put it bluntly, we can summarize that <strong>half of Swiss households save and the other half live more or less from hand to mouth.<\/strong><\/p>\n\n<p>In the next blog post, we want to explore the question of what happens to the money saved in times of historically low interest rates and take a closer look at the financial situation of Mr. and Mrs. Schweizer.<\/p>\n\n<p>You can get a complete overview of the topic of &#8220;Investing&#8221; here: Learning to <a href=\"https:\/\/schweizerfinanzblog.ch\/investieren\/\" target=\"_blank\" rel=\"noopener\">invest<\/a> &#8211; in eight lessons.<\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"This_might_also_interest_you\">This might also interest you<\/span><\/h2>\n\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/post-list-component\/post-list-component.css\">\n\n<div class=\"post-list-componenet pt-2 pb-4\">\n\t<div class=\"row\">\n\t\t\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/invest-instead-of-saving-money\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1297\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2018\/10\/investieren.jpg\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"Figure 2: In contrast to equity investments, a substantial increase in the value of a savings account remains an illusion.\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2018\/10\/investieren.jpg 1920w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2018\/10\/investieren-768x519.jpg 768w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Investing money instead of saving &#8211; what the figures really show<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/etf-savings-plan-switzerland-3-strong-reasons-for-the-autopilot-strategy\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_V1_ETF-Sparplaene-Schweiz_optimiert_EN.png\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_V1_ETF-Sparplaene-Schweiz_optimiert_EN.png 1920w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_V1_ETF-Sparplaene-Schweiz_optimiert_EN-768x432.png 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_V1_ETF-Sparplaene-Schweiz_optimiert_EN-1536x864.png 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">ETF savings plan Switzerland: 3 strong reasons for the autopilot strategy<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>We Swiss are often said to be good with money. But do we really live up to this reputation in an international comparison? And how is the savings of Mrs. and Mr. Swiss actually distributed among private households? Do we save in general or is saving limited to the high income brackets? You can find [&hellip;]<\/p>","protected":false},"author":1,"featured_media":7835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[207,179],"tags":[],"class_list":["post-9597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-studies","category-saving"],"acf":[],"_links":{"self":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/comments?post=9597"}],"version-history":[{"count":14,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9597\/revisions"}],"predecessor-version":[{"id":10278,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9597\/revisions\/10278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/media\/7835"}],"wp:attachment":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/media?parent=9597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/categories?post=9597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/tags?post=9597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}