A civilized country.
Swiss vote to give themselves a bigger pension
Majority votes for a '13th month' payment to address a cost of living crisis, but the government says it could not afford it.
www.bbc.co.uk
Swiss vote to give themselves a bigger pension
- Thread starter Indiana
- Start date
Twenty years ago, I knew a Swiss woman that moved to Canada and lived here for 10 years. She went back to visit her country and went shopping with her sister, mother and aunt. She wanted take a break and invited them to have a Coke at a cafe, forgetting that she was no longer in Canada. Twenty years ago a Coke cost $5 each at a cafe. It is not cheap to live in Switzerland.
Nor Amsterdam.
/looks around
/looks at 20 years of warnings
/looks at Boomers
/look at what the peons can save ( two nickels)
/looks at CPP too.
Whether or not the Swiss can afford it. “Who knows”
It's currently traiding at 1 CHF to the 1.13 USD
Actually the chart doesn't seem right at all.
This appears to clear it up for that time period.
Oh wait, that first chart, I just noticed it has the index set for 1 at the start, not the actual exchange rate. That is a weird way of expressing things in this context. It's valid, but not usual usage. No wonder it seemed odd.
The chart from seeking alpha is the more usual way of charting such things.
Right, never mind then.
Couple interesting articles.
I have zero doubts there are those here who will try to make this about partisan politics vs seeing it, for what it is. Do note, the same people that voted yes, also voted no to age eligibility. Something. More and more countries are doing, Harper did to OAS and was vilified for.
www.euronews.com
Some age demographics ( aka who voted yes/no)
www.statista.com
Do also note their current and near term debt/gdp ratio is way lower than ours.
www.statista.com
Do also note monetary policy and there are reasons the CAD/CHF is $0.65
www.oecd-ilibrary.org
Do also note capital bleed is not as bad as ours
amp.cnn.com
Do also note real gdp is way way better than ours….nor are they a one trick pony
www.globaldata.com
Vs
financialpost.com
Do also note what those people will be doing to the Swiss healthcare system. Which also includes personal out of pocket expenses
www.commonwealthfund.org
A growing typical Canadian peon lefties here say they champion
macleans.ca
More and more of them they say they champion. In the same way they care about small town Ontario. A lot of whom apparently need UBI now thanks to heads in the sand and are being fed upon…..They just don’t. They sure talk good games though.
financialpost.com
if only people who think they knew/know better had started listening to experts 25 years ago.
I have zero doubts there are those here who will try to make this about partisan politics vs seeing it, for what it is. Do note, the same people that voted yes, also voted no to age eligibility. Something. More and more countries are doing, Harper did to OAS and was vilified for.
Swiss vote on pensions and retirement age
With an ageing population and ever-rising living costs, Switzerland has held a referendum that could reshape pensioners' lives.
www.euronews.com
Some age demographics ( aka who voted yes/no)
Forecasted age of population in Switzerland 2035 | Statista
This statistic displays the population of Switzerland, by age group in 2015, with forecasts for 2025 and 2035.
www.statista.com
Do also note their current and near term debt/gdp ratio is way lower than ours.
Switzerland - National debt in relation to gross domestic product (GDP) 2029 | Statista
The ratio of national debt to gross domestic product (GDP) in Switzerland was forecast to continuously decrease between 2024 and 2029 by in total 5.6 percentage points.
www.statista.com
Do also note monetary policy and there are reasons the CAD/CHF is $0.65
Page Rendering Error
OECD's dissemination platform for all published content - books, podcasts, serials and statistics
www.oecd-ilibrary.org
Do also note capital bleed is not as bad as ours
Credit Suisse warns of $1.6 billion loss as rich clients leave
Credit Suisse expects a pretax loss of up to 1.5 billion Swiss francs ($1.58 billion) in its fourth quarter as it keeps bleeding cash, the Swiss bank said on Wednesday, shortly before shareholders approved a $4 billion capital hike.
amp.cnn.com
Do also note real gdp is way way better than ours….nor are they a one trick pony
Real GDP of Switzerland (2010 - 2021, $ Billion)
Switzerland's real GDP hit $712.3 billion in 2021, an increase of 3.7% over the previous year. Switzerland's economy grew by a CAGR of 1.5% between 2010 and 2021.
www.globaldata.com
Philip Cross: Canada's worst decade for real economic growth since the 1930s
Causes of Canada's slumping economic growth are domestic, not external. Read more.
financialpost.com
Do also note what those people will be doing to the Swiss healthcare system. Which also includes personal out of pocket expenses
Switzerland
By Isabelle Sturny, Swiss Health Observatory Switzerland’s universal health care system is highly decentralized, with the cantons, or states, playing a key role in its operation. The system is funded through enrollee premiums, taxes (mostly cantonal), social insurance contributions, and...
A growing typical Canadian peon lefties here say they champion
I’m 80 years old and I don’t know when I’ll retire - Macleans.ca
“I find it appalling that people who contributed to Canadian society for decades are working when they'd rather not because a government pension can’t support them—if they have one at all”
More and more of them they say they champion. In the same way they care about small town Ontario. A lot of whom apparently need UBI now thanks to heads in the sand and are being fed upon…..They just don’t. They sure talk good games though.
Posthaste: Retirement out of reach for almost 40% of working Canadians over 50, survey finds
Saving for retirement has become harder because of higher interest rates and inflation, says study. Read on
financialpost.com
if only people who think they knew/know better had started listening to experts 25 years ago.
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