Thursday, July 18, 2013

Swiss top the tables for household savings...

Swiss residents are European champions when it comes to putting aside savings, according to a new survey.

Switzerland tops a list compiled by Handelsblatt, the German-language business journal, for money saved on average by average households.

The Swiss put aside 17.5 percent of gross income into savings last year, the journal says in a report using Eurostat figures.

This may not be entirely surprising given that incomes in the mountain country are three to four times as high as in most European countries.

Switzerland’s unemployment rate of 2.9 percent in June compares with an average in the European Union of 12.1 percent in May, according to Eurostat.

 The Swiss savings rate come ahead of Germans (16.5 percent) and the French (15.5 percent), according to Handelsblatt. Full story...

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