“Switzerland tops a list compiled by Handelsblatt for money saved on average by average households. The Swiss put aside 17.5 percent of gross income into savings last year. 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 report highlights a growing divide between wealthy northern countries and poorer countries in southern Europe. In Greece, the rate was negative 6.4 percent as citizens dug into existing reserves.”
http://www.thelocal.ch/20130717/swiss-top-the-tables-for-household-savings-report
Related posts:
Don't just legalize marijuana, free prior offenders
Senate Republicans Push $3 Billion Puerto Rico Bailout
Why 'Government' and 'Competent' Are Antonyms
Obama's more than 19.5 million online fans who don't really exist
UK tax hitmen to track your spending
Border Patrol agent who shot Mexican teenager dead will not be charged
Jim Rogers warns of world economic slowdown, praises RMB
Jeff Berwick on FOX Business: Varney and Co. talking Bitcoin ATM
‘Run and hide’ is Obama administration’s clever plan for next school shooting
Video of Syrian rebel fighter cutting out heart of soldier and eating it condemned
Abenomics Spurs Gold Sales in Japan as Inflation Hedge
Deputy reaches plea in sexual assault case
Ukraine crisis could halt Europe’s recovery, ECB warns
Hillary Clinton’s Lucrative Goldman Sachs Speaking Gigs
Putin eyes a Russian credit card system after Western sanctions