Officials: One in 10 struggling financially in Switzerland

Officials: One in 10 struggling financially in Switzerland

ZURICH: Eight per cent of people in Switzerland, one of the richest countries in the world, were living below the official poverty line in 2023, the Federal statistics Office (BFS) said today (March 31). © New Straits Times Press (M) Bhd

One in 10 struggling financially in Switzerland: officials

Eight percent of people in Switzerland, one of the richest countries in the world, were living below the official poverty line in 2023, the Federal Statistical Office (FSO) said on Monday.

The standard of living in Switzerland is one of the highest in Europe. Nevertheless, payment difficulties exist in the people.

DMZ – SOCIETY ¦ MM ¦ AA ¦ Despite the overall high standard of living in Switzerland, income poverty remains a reality for many people. According to current figures of the Federal Statistical Office (BFS), in 2023 around 8.1 % of the population – that is about 708,000 people – were affected by poverty. Particularly affected are single persons, single parents with minor children and people without post-compulsory education. The structural causes …

One in ten people were “struggling to make ends meet” in 2023 in Switzerland, one of Europe's richest countries, where the poverty rate remained essentially stable, the Federal Statistical Office (OFS) announced today (31/3). In 2023, the poverty rate in Switzerland was 8.1%, or almost 708,000 people, compared with 8.2% in 2022, mainly affecting single people, single parents with minor children, people with a low level of education and household…

A little more private individuals in Switzerland were in debt in 2024 than in the previous year. However, due to the population growth, the so-called debtor ratio has fallen quite slightly. The canton of Neuenburg still has the highest value.