>__The average disposable household income in Switzerland amounted to CHF6,902 ($7,825) per month in 2022. It therefore remained stable compared to previous years, the Federal Statistical Office (FSO) said on Tuesday.__
>Households spent CHF4,949 per month, or 49.8% of gross income, on consumer spending in the reporting year. According to the FSO, this is slightly more than in 2021. The consumption level of the years before the Covid-19 pandemic has thus been reached again.
>After all expenses, private households were left with an average of CHF1,546 per month, or 15.6% of their gross income, to save.
>Nevertheless, not all households were able to set aside a savings amount in 2022 either. According to the FSO figures, households in the lowest income bracket with a gross income of less than CHF4,723, for example, often spent more money than they earned.
Average income is such a useless metric, especially in Switzerland where income, COL, taxes, and insurance premiums costs are so different from one canton to another.
So does the report also give the median income?
Why average?
The average between Roche CEO 1mil disposable income and 1000 minimum paid employees 4k disposable income = average 5k
That’s about twice as much as we’ve been living in for years.
Is it gross or net? Looks like net but wanted to be sure
Whoever wrote this needs an english lesson… disposable household income? Or just household income?
Lots of people don’t understand what this article is saying. It’s average monthly disposable household income. It’s not average salary per person. It’s for households which can be more than one person. Taxes and possibly other expenses are already deducted.
I’m Canadian and living in Canada. With the conversion to CDN $ this is a shit ton of money per month. My wife and I visited Switzerland a couple months ago and we wondered how people there survived with the high cost of everything. Now we know.
|Gross monthly salary (median), 2022 – Total economy, in francs|
|:-|
|Total|6 788|
|Women|6 397|
|Men|7 066Gross monthly salary (median), 2022 – Total economy, in francsTotal 6 788Women 6 397Men 7 066|
What an awful article. it doesn’t define what ‘disposable income’ is, so we have no idea how they somehow managed to calculate 6902 chf disposable income from an income of 6900 chf.
if that truly is disposable income, than it should come *after* deducting for tax, rent, utilities, transport etc.
What makes a portion of your income disposable is that y’know, you can dispose of it every month.
The only way the average household has a disposable income of 6900 is if the gross income is well over 10k – which is a number clearly very skewed by the relatively small number of those earning obscene amounts.
In other words, all of this is a meaningless hodge-podge of words, definitions, data and reporting.
So this is after deducting tax, rent, transport, etc.?
>After all expenses, private households were left with an average of CHF1,546 per month, or 15.6% of their gross income, to save.
So according to this, the mean gross household income is 9910 CHF…
I’m skeptical. The mean in this case is clearly skewed, and the median would be far more meaningful.
Holly Molly, the article miss some data but interpretation of redditors is even worse here. Disposable is after tax, discretionary after essential goods/services costs.
I won’t ever bother to read an analysis that takes the average instead of the median…
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Article:
>__The average disposable household income in Switzerland amounted to CHF6,902 ($7,825) per month in 2022. It therefore remained stable compared to previous years, the Federal Statistical Office (FSO) said on Tuesday.__
>Households spent CHF4,949 per month, or 49.8% of gross income, on consumer spending in the reporting year. According to the FSO, this is slightly more than in 2021. The consumption level of the years before the Covid-19 pandemic has thus been reached again.
>After all expenses, private households were left with an average of CHF1,546 per month, or 15.6% of their gross income, to save.
>Nevertheless, not all households were able to set aside a savings amount in 2022 either. According to the FSO figures, households in the lowest income bracket with a gross income of less than CHF4,723, for example, often spent more money than they earned.
Average income is such a useless metric, especially in Switzerland where income, COL, taxes, and insurance premiums costs are so different from one canton to another.
So does the report also give the median income?
Why average?
The average between Roche CEO 1mil disposable income and 1000 minimum paid employees 4k disposable income = average 5k
That’s about twice as much as we’ve been living in for years.
Is it gross or net? Looks like net but wanted to be sure
Whoever wrote this needs an english lesson… disposable household income? Or just household income?
Lots of people don’t understand what this article is saying. It’s average monthly disposable household income. It’s not average salary per person. It’s for households which can be more than one person. Taxes and possibly other expenses are already deducted.
I’m Canadian and living in Canada. With the conversion to CDN $ this is a shit ton of money per month. My wife and I visited Switzerland a couple months ago and we wondered how people there survived with the high cost of everything. Now we know.
|Gross monthly salary (median), 2022 – Total economy, in francs|
|:-|
|Total|6 788|
|Women|6 397|
|Men|7 066Gross monthly salary (median), 2022 – Total economy, in francsTotal 6 788Women 6 397Men 7 066|
What an awful article. it doesn’t define what ‘disposable income’ is, so we have no idea how they somehow managed to calculate 6902 chf disposable income from an income of 6900 chf.
if that truly is disposable income, than it should come *after* deducting for tax, rent, utilities, transport etc.
What makes a portion of your income disposable is that y’know, you can dispose of it every month.
The only way the average household has a disposable income of 6900 is if the gross income is well over 10k – which is a number clearly very skewed by the relatively small number of those earning obscene amounts.
In other words, all of this is a meaningless hodge-podge of words, definitions, data and reporting.
So this is after deducting tax, rent, transport, etc.?
>After all expenses, private households were left with an average of CHF1,546 per month, or 15.6% of their gross income, to save.
So according to this, the mean gross household income is 9910 CHF…
I’m skeptical. The mean in this case is clearly skewed, and the median would be far more meaningful.
Holly Molly, the article miss some data but interpretation of redditors is even worse here. Disposable is after tax, discretionary after essential goods/services costs.
I won’t ever bother to read an analysis that takes the average instead of the median…
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