Swiss households spend an average of 29% on mandatory payments like taxes,social contributions and health insurance. Figures released by the Swiss Statistical Office on Monday reveal that, based on 2016 data, or a Swiss household had an average income of CHF7124 ($7140),of which CHF2910 was eaten up by unavoidable expenses. Of these expenses, taxes constituted 11.5%, and social contributions 9.7%,and health insurance 6.2%. Fixed expenses with a greater margin of choice also made a meaningful dent in the household budget. Lodging and energy bills added up to an average of 14.7% of revenue (CHF1476) while transport came to 7.7% and the grocery bill 6.3%. After paying the bills and splurging on life’s little luxuries, the average household was able to set aside CHF1551 for a rainy day or 15.5% of income. Households bringing in less than CHF5000 were generally unable to contribute to savings and often spent more than they earned. However, and this statistic is skewed by the ...
Source: swissinfo.ch