Financial situation of 4460 households across first (lowest SEP), fifth and 10th (highest SEP) decile of Swiss neighbourhood index of socioeconomic position (Swiss-SEP), Switzerland 1999
| Characteristic | Index decile | Total | p Value | ||
| 1 | 5 | 10 | |||
| N (%) | N (%) | N (%) | N (%) | ||
| Number of households | 437 (100.0) | 447 (100.0) | 426 (100.0) | 4460 (100.0) | – |
| Mean yearly equivalised* household net income in SFr (SD) | 42 329 (21 253) | 54 785 (33 488) | 72 074 (56 796) | 55 372 (38 781) | <0.0001 |
| Saving at least 100 SFr/month | |||||
| No answer/does not know | 4 (0.9) | 5 (1.1) | 6 (1.4) | 54 (1.2) | <0.0001 |
| Yes | 329 (75.3) | 366 (81.9) | 363 (85.2) | 3629 (81.4) | |
| No | 104 (23.8) | 76 (17.0) | 57 (13.4) | 777 (17.4) | |
| Reason why not saving at least 100 SFr/month | |||||
| Inapplicable | 333 (76.2) | 371 (83.0) | 369 (86.6) | 3683 (82.6) | <0.0001 |
| Because you cannot afford it | 88 (20.1) | 66 (14.8) | 47 (11.0) | 642 (14.4) | |
| For another reason | 16 (3.7) | 10 (2.2) | 10 (2.3) | 135 (3.0) | |
| Voluntary private pension scheme | |||||
| No answer/does not know | 9 (2.1) | 8 (1.8) | 4 (0.9) | 67 (1.5) | <0.0001 |
| Yes | 210 (48.1) | 266 (59.5) | 266 (62.4) | 2581 (57.9) | |
| No | 218 (49.9) | 173 (38.7) | 156 (36.6) | 1812 (40.6) | |
| Reason why no voluntary private pension scheme | |||||
| Inapplicable | 219 (50.1) | 274 (61.3) | 270 (63.4) | 2648 (59.4) | <0.0001 |
| No answer/does not know | 1 (0.2) | 0 (0.0) | 2 (0.5) | 25 (0.6) | |
| Because you cannot afford it | 81 (18.5) | 53 (11.9) | 30 (7.0) | 553 (12.4) | |
| For another reason | 136 (31.1) | 120 (26.8) | 124 (29.1) | 1234 (27.7) | |
| Reception of financial help | |||||
| No answer/does not know | 1 (0.2) | 5 (1.1) | 1 (0.2) | 23 (0.5) | 0.002 |
| Yes | 102 (23.3) | 75 (16.8) | 56 (13.1) | 765 (17.2) | |
| No | 334 (76.4) | 367 (82.1) | 369 (86.6) | 3672 (82.3) | |
| Assessment of household income and expenses | |||||
| No answer/does not know | 2 (0.5) | 3 (0.7) | 7 (1.6) | 38 (0.9) | <0.0001 |
| Your household can save money | 189 (43.2) | 233 (52.1) | 239 (56.1) | 2262 (50.7) | |
| Your household spends what it earns | 212 (48.5) | 170 (38.0) | 152 (35.7) | 1821 (40.8) | |
| Your household eats into its assets and savings | 27 (6.2) | 39 (8.7) | 23 (5.4) | 296 (6.6) | |
| Your household gets into debt | 7 (1.6) | 2 (0.4) | 5 (1.2) | 43 (1.0) | |
| Financial situation manageable, mean (SD)† | 6.6 (2.6) | 7.5 (2.3) | 8.0 (2.1) | 7.3 (2.3) | <0.0001 |
Source: Swiss Household Panel.
Numbers (%) are shown unless otherwise indicated. p Values from χ2 tests across all 10 deciles.
↵* Equivalised using Organisation for Economic Co-operation and Development Equivalence Scale.
↵† Response on 11-point scale from 0 (‘with great difficulty’) to 10 (‘very easily’).