Go Back   English Forum Switzerland > Living in Switzerland > Swiss politics/news  
Reply
 
Thread Tools Display Modes
  #1  
Old 15.09.2011, 15:07
Administrator
 
Join Date: Mar 2011
Location: Zurich
Posts: 196
Groaned at 100 Times in 44 Posts
Thanked 77 Times in 52 Posts
The Local The Local The Local The Local The Local The Local
Switzerland has maintained its position as the richest country in the world, according to the Allianz Global Wealth Report 2011, which estimates Swiss residents' personal wealth at almost €207,400 (250,113 francs, $286,215).

Read the full article: Switzerland still world’s richest country: study
Reply With Quote
This user groans at The Local for this post:
  #2  
Old 15.09.2011, 17:51
Member
 
Join Date: Aug 2011
Location: Zurich
Posts: 209
Groaned at 26 Times in 19 Posts
Thanked 171 Times in 67 Posts
sun&rain is considered knowledgeablesun&rain is considered knowledgeablesun&rain is considered knowledgeable
Re: Switzerland still world’s richest country: study

Quote:
View Post
Switzerland has maintained its position as the richest country in the world, according to the Allianz Global Wealth Report 2011, which estimates Swiss residents' personal wealth at almost €207,400 (250,113 francs, $286,215).

Read the full article: Switzerland still world’s richest country: study
So is that total wealth? Including property etc? Does not seem that much does it? Just saying cause I got million CHF burning a hole in my pocket.
Reply With Quote
  #3  
Old 15.09.2011, 17:56
porsch1909
 
Posts: n/a
Re: Switzerland still world’s richest country: study

Quote:
View Post
So is that total wealth? Including property etc? Does not seem that much does it? Just saying cause I got million CHF burning a hole in my pocket.
Considering most people don't have any property...it's a whole lot
Reply With Quote
  #4  
Old 15.09.2011, 17:58
Member
 
Join Date: Aug 2011
Location: Zurich
Posts: 209
Groaned at 26 Times in 19 Posts
Thanked 171 Times in 67 Posts
sun&rain is considered knowledgeablesun&rain is considered knowledgeablesun&rain is considered knowledgeable
Re: Switzerland still world’s richest country: study

Quote:
View Post
Considering most people don't have any property...it's a whole lot
So on average Swiss have approximately $290k saved up you say?
Reply With Quote
  #5  
Old 15.09.2011, 17:59
porsch1909
 
Posts: n/a
Re: Switzerland still world’s richest country: study

Quote:
View Post
So on average Swiss have approximately $290k saved up you say?
I never said that no
Reply With Quote
  #6  
Old 15.09.2011, 18:00
Member
 
Join Date: Aug 2011
Location: Zurich
Posts: 209
Groaned at 26 Times in 19 Posts
Thanked 171 Times in 67 Posts
sun&rain is considered knowledgeablesun&rain is considered knowledgeablesun&rain is considered knowledgeable
Re: Switzerland still world’s richest country: study

Quote:
View Post
I never said that no
What you saying then?
Reply With Quote
  #7  
Old 15.09.2011, 18:37
Corbets's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: DK - previously Zug
Posts: 3,323
Groaned at 168 Times in 122 Posts
Thanked 6,707 Times in 2,237 Posts
Corbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond repute
Re: Switzerland still world’s richest country: study

Quote:
View Post
So on average Swiss have approximately $290k saved up you say?
Wouldn't seem all that surprising, to be honest. Your pillar 2 contributions will grow fairly quickly over the course of 10 or 20 years.
Reply With Quote
  #8  
Old 18.09.2011, 19:43
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,051
Groaned at 445 Times in 341 Posts
Thanked 22,367 Times in 11,566 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Switzerland still world’s richest country: study

Quote:
View Post
Wouldn't seem all that surprising, to be honest. Your pillar 2 contributions will grow fairly quickly over the course of 10 or 20 years.
By adding contributions rather than investment growth.

They seem to have left out Luxembourg , a friend tells me is richer per capita then CH.

Does Monaco & Andora not count?
Reply With Quote
  #9  
Old 18.09.2011, 19:59
J_T's Avatar
J_T J_T is offline
Forum Veteran
 
Join Date: Jan 2008
Location: near Bern
Posts: 1,080
Groaned at 20 Times in 15 Posts
Thanked 1,175 Times in 523 Posts
J_T has a reputation beyond reputeJ_T has a reputation beyond reputeJ_T has a reputation beyond reputeJ_T has a reputation beyond reputeJ_T has a reputation beyond repute
Re: Switzerland still world’s richest country: study

Quote:
View Post
By adding contributions rather than investment growth.

They seem to have left out Luxembourg , a friend tells me is richer per capita then CH.

Does Monaco & Andora not count?
A wealthy entity does not always hold all of it's/his/hers wealth within the entity's country of residence, so the referenced statistic likely is based on wealth held within the country by residences. If the statistic is based solely on the county's citizens, you will get still a different figure.
Reply With Quote
  #10  
Old 18.09.2011, 20:09
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,051
Groaned at 445 Times in 341 Posts
Thanked 22,367 Times in 11,566 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Switzerland still world’s richest country: study

Quote:
View Post
A wealthy entity does not always hold all of it's/his/hers wealth within the entity's country of residence, so the referenced statistic likely is based on wealth held within the country by residences. If the statistic is based solely on the county's citizens, you will get still a different figure.
Are you sure they just don't take figures from tax returns, which no doubt are hugely understated here.
Reply With Quote
  #11  
Old 18.09.2011, 20:12
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,051
Groaned at 445 Times in 341 Posts
Thanked 22,367 Times in 11,566 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Switzerland still world’s richest country: study

Quote:
View Post
A wealthy entity does not always hold all of it's/his/hers wealth within the entity's country of residence, so the referenced statistic likely is based on wealth held within the country by residences. If the statistic is based solely on the county's citizens, you will get still a different figure.
Are you sure they just don't take figures from tax returns, which no doubt are hugely understated here.

In any case many assets held by banks here are foreign stocks, I just don't believe they could separate accurately.
Reply With Quote
  #12  
Old 18.09.2011, 21:57
ARC_VD's Avatar
Member
 
Join Date: Sep 2011
Location: Geneva
Posts: 218
Groaned at 63 Times in 21 Posts
Thanked 161 Times in 73 Posts
ARC_VD has earned the respect of manyARC_VD has earned the respect of manyARC_VD has earned the respect of many
Re: Switzerland still world’s richest country: study

I continue to fail to understand why would anyone give any relevance to such kind of number. I mean, the average. An average is worth nothing, if 9 guys have 1 franc and one has 2,499,991, on average each person has 250,000. Wow, great. I would rather use the mode or the median, but that might be asking too much to a journalist
Reply With Quote
This user would like to thank ARC_VD for this useful post:
  #13  
Old 18.09.2011, 22:19
eddiejc1's Avatar
Forum Veteran
 
Join Date: Nov 2009
Location: Derwood, MD USA
Posts: 1,005
Groaned at 22 Times in 20 Posts
Thanked 684 Times in 372 Posts
eddiejc1 has an excellent reputationeddiejc1 has an excellent reputationeddiejc1 has an excellent reputationeddiejc1 has an excellent reputation
Re: Switzerland still world’s richest country: study

Quote:
View Post
Switzerland has maintained its position as the richest country in the world, according to the Allianz Global Wealth Report 2011, which estimates Swiss residents' personal wealth at almost €207,400 (250,113 francs, $286,215).

Read the full article: Switzerland still world’s richest country: study
Is that Swiss RESIDENTS or Swiss CITIZENS, because there's a big difference between the two.
Reply With Quote
  #14  
Old 18.09.2011, 22:28
Sky's Avatar
Sky Sky is offline
Forum Legend
 
Join Date: Apr 2009
Location: Somewhere special far away
Posts: 4,212
Groaned at 60 Times in 43 Posts
Thanked 6,713 Times in 2,522 Posts
Sky has a reputation beyond reputeSky has a reputation beyond reputeSky has a reputation beyond reputeSky has a reputation beyond reputeSky has a reputation beyond reputeSky has a reputation beyond repute
Re: Switzerland still world’s richest country: study

I fail to understand how those figures are found.
To get a precise idea, you would need to compare the comparable.

The world's richest country does not = the highest consumer purchasing power.. or does it ?

The Big Mac index seems more relevant in assessing a population's wealth (or lack of) via the purchasing power per capita.

Seems to me that once you take in consideration the high cost of living (rent food, insurance etc), people are not wealthy at all, just average.... or at least not the common mortals.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT +2. The time now is 06:40.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0