Rich in Switzerland: 5 million francs necessary for the top 1 percent. New studies provide insights into wealth distribution.

Rich in Switzerland: 5 million francs necessary for the top 1 percent. New studies provide insights into wealth distribution.

According to a report by www.nau.ch, a study shows that in Switzerland it takes around 5 million francs to be among the richest 1 percent of the country. This amount is higher than previous estimates and highlights the increasing financial disparity in the country.

The study is based on tax data from half a million households in the canton of Zurich and showed that assets of more than 5 million francs are considered to be in the wealthiest 1 percent. It was also found that “wealth mobility” in Switzerland is significantly lower than income mobility, meaning that moving from the bottom half of wealth to the richest 1 percent is rare.

Furthermore, median wealth per capita was determined for various age groups, with younger age groups such as 21 to 25 year olds in particular having significantly lower wealth.

This research provides important insights into Switzerland's financial landscape and highlights the growing wealth inequality. It is expected that these findings will further advance the discussion about income and wealth distribution in Switzerland.