1 in 7 adults in Switzerland is a millionaire - 5 times higher than in the US
Switzerland is a land of wealth
According to a recent report by Credit Suisse, one in seven adults in Switzerland is a millionaire. This is five times higher than the rate in the United States. The report estimates that there are 265,000 millionaires in Switzerland, with a combined wealth of $1.5 trillion.
What's behind Switzerland's wealth?
There are a number of factors that contribute to Switzerland's high rate of wealth. These include:
- A strong economy: Switzerland has a stable economy with low unemployment and high wages.
- A favorable tax system: Switzerland has a relatively low tax rate, which makes it attractive to wealthy individuals.
- A safe and secure environment: Switzerland is a safe and secure country, which makes it an appealing place to live and invest.
Switzerland's wealth is not evenly distributed. The richest 1% of the population owns more than half of the country's wealth. However, even the poorest 10% of the population has a median wealth of over $100,000.
Switzerland's high rate of wealth is a testament to the country's strong economy and favorable tax system. It is also a reflection of the country's safe and secure environment.
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