Central Bank: Every Swiss has about half a million francs

Central Bank: Every Swiss has about half a million francs

On average, each person in Switzerland has assets that amount to over 460,000 francs, according to statistics from the Swiss National Bank (SNB). This makes Swiss residents among the richest in the world. However, the Central Bank report says that individual assets have doubled in the past 20 years, inequalities in wealth distribution have increased [...]

This makes Swiss residents among the richest in the world.

However, the Central Bank report says that individual assets have doubled in the past 20 years, inequalities in wealth distribution have also increased.

The report also shows that the assets of the last 75 per cent increased by only 18.6 per cent, figures from Federal Tax Administration estimates show.

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