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by missedthecue
1557 days ago
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"The median income in Switzerland is about $125k USD." I don't believe this for a second and sure enough the first few sources produced by a google search show a far different situations. The Swiss office of Federal Statistics says the median income is 50,120 CHF per year which is $53,880 USD at current exchange rates. Even the top 10% of the country's earners are only in the mid $90k, nowhere near $125k. https://www.bfs.admin.ch/bfs/en/home/statistics/economic-soc... |
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So it sounds like this isn't gross income.
Here is the explaination.
"It is measured by the median equivalised disposable income, after adjustment for differences in price levels between countries. This means that despite the high price levels in Switzerland, the population's financial situation, after deduction of obligatory expenditure, was in 2020 more comfortable than that of its neighbouring countries and countries in the European Union."
So the disposable median in Switzerland is about the same as the gross median in the US. It looks like the equivalised disposable income for the US is not calculated, so we can't compare that. Having a median disposable income that is about the same as the gross median of another country still seems to support my implication that the Swiss are more wealthy and can better afford the cost of gas as compared to the US.
It seems it's hard to get "good" sources for Swiss median income. They do list the median monthly wage as being around 6500. This doesn't include other income sources, and is still about double the US median income.
https://www.bfs.admin.ch/bfs/en/home/statistics/work-income/...