Swiss households saving more in face of currency losses

ZURICH, SWITZERLAND – Swiss households reacted cautiously to the economic uncertainties of 2010 by putting more money into savings. Net worth (financial assets + real estate – liabillities) per capita increased by CHF6,000 to CHF341,000. Losses on investments linked to the strong Swiss franc and falling markets had an impact, but higher savings and rising […]

US household net wealth up since 2007

US households’ net worth increased, by $2 trillion, for the first time since it peaked at the end of 2007 at $63 trillion, according to data from the US Federal Reserve, the US central bank, out 17 September. Households’ net worth at the end of the second quarter 2009 stands at $53.14t, the Fed announces. […]

Swiss household wealth grew more slowly in 2007

Zurich, Switzerland (GenevaLunch) – Household wealth, measured in terms of assets, grew more slowly in 2007 than in 2006, Swiss National Bank figures released this week show. Net financial assets per capita amounted to roughly CHF171,000.