One in four people in Switzerland worried about finances, study finds

Even in a country as wealthy as Switzerland, people aren’t immune to concerns about their finances. According to a new survey, nearly one in three residents of the alpine nation are concerned about their financial situation for the coming year. 

6 percent in Switzerland struggle to pay regular expenses

The survey of over 1.000 people, conducted by comparison site Comparis, found that 27 percent of respondents expect their financial situation to worsen this year compared to 2024. 6 percent said they expect the situation to be much worse in 2025 than in 2024, 20 Minuten reports.

While 6 percent of respondents said that they don’t have enough money to cover their regular expenses, such as utility bills, rent and insurance, a further 24 percent said they had to be careful with their money and were making significant cuts to their spending to get by. 

The survey found that paying for health insurance was a significant financial burden for many respondents. 16 percent, almost one in six, said that they regularly have difficulty paying for their premiums. 

When forced to make cuts, the survey found that people in Switzerland were most likely to cut their spending on new technology to save money, with 64 percent saying this is where they make savings. 61 percent said they would stop buying new clothes and accessories, while 57 percent choose to forego meals out. 

People aged 36-55 feeling the financial squeeze

The data shows that those aged between 36 and 55 are particularly feeling the squeeze, with 9 percent of this age group saying they don’t have enough money to cover their regular expenses. This figure drops to 4 percent among younger people aged 18 to 35, and to 3 percent among people aged 55 and over. 

Comparis financial expert Michael Kuhn told 20 Minuten: “The middle generation often faces multiple challenges, from financing family life, such as home ownership and a larger car, to retirement planning. Rising fixed costs have a particularly strong impact here.” 

Swiss people see brighter future

On the other hand, 24 percent of respondents said they expected their financial situation to improve over the coming year.

Taking a long-term view, people seem to feel more optimistic: 44 percent said they expect their financial situation to be better or much better in 2030, compared to 25 percent who expect it to be worse or much worse.