Health insurance and rent: Switzerland expects less money in their wallets in 2023

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Households in particular with monthly gross incomes as low as 4,000 francs (38 percent) expect to have to tighten their belts, comparison service Comparis said on Tuesday. 30 percent of households with a gross monthly income of 4,000 to 8,000 francs predict that their financial situation will worsen this year.

Considering the language regions, Ticino in particular expects a smaller budget. 39 percent of those surveyed there said they had to limit themselves a lot. In French-speaking Switzerland and German-speaking Switzerland, this rate was 19 percent. According to Comparis, the urban-rural divide has become visible: A quarter of the rural population said they had to hand over every franc. In the city and mass settlement, this rate was 18 percent and 17 percent, respectively.

Women are more pessimistic than men

There was also a clear gender gap, according to Comparis: 31 percent of women believed they would have less money in 2023 than last year. For men, this rate was only 23 percent.

According to Comparis, survey respondents primarily avoided unnecessary spending and spontaneous purchases to save money. The result was also more informed shopping, keeping an eye out for discounts and comparing prices. Additionally, discounters have become more attractive. In Italian-speaking Switzerland, significantly more respondents (60 percent) than elsewhere said they would shop abroad if they had financial constraints. Switzerland’s overall average was a quarter.

According to the announcement, the survey was conducted by market research institute Innofact on behalf of Comparis. 1,011 people from all over Switzerland were surveyed in August 2023.

Source :Blick

Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.