Tuesday, 02 January 2024 12:17 GMT

Fewer People Are Able To Save Money In Switzerland


(MENAFN- Swissinfo) A good half of the Swiss population has been unable to put any money aside in the last six months – despite a strong desire to save. At the same time, there is often a gap between financial knowledge, the intention to save and actual realisation. This content was published on October 2, 2025 - 15:03 3 minutes Keystone-SDA
  • Deutsch de Finanzsorgen wachsen: Jeder zweite Schweizer kann nicht sparen Original Read more: Finanzsorgen wachsen: Jeder zweite Schweizer kann nicht spare
  • Português pt Suíços querem poupar, mas só metade consegue guardar dinheiro Read more: Suíços querem poupar, mas só metade consegue guardar dinheir

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Although 79% of Swiss people consider saving to be important, only around one in two people (47%) were actually able to put money aside in the past six months. These are the findings of a survey published on Thursday by Baloise and the market research institute YouGov Switzerland. High fixed costs were cited particularly frequently as an obstacle.

Meanwhile, almost every second person who saves manages to put aside up to CHF1,000 per month. The need for security is at the forefront of this. Respondents most frequently want to save in order to prepare for unforeseen expenses. The under-30s also put aside significantly more money than other age groups for the purchase of residential property.

Uncertainty on the rise

Another frequently cited reason for saving is early retirement. Over half of those surveyed would like to retire earlier, but rarely plan to do so. Only 11% said they were actively working towards this. Meanwhile, a third consider it unrealistic to be able to afford early retirement.

More More One in 12 Swiss residents remain below poverty line

This content was published on Mar 31, 2025 The rate of poverty remained stable among the Swiss population in 2023, at 8.1%.

Read more: One in 12 Swiss residents remain below poverty lin

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