Poverty rate stubborn in rich Switzerland

Poverty rate stubborn in rich Switzerland

Tuesday, July 15, 2014 4:27 pm

GENEVA (AFP) – Switzerland may be one of the world’s richest nations but as many as one resident in 13 lives in poverty, official data showed on Tuesday.

While the Swiss poverty rate is half that of many European nations — estimates put Britain’s at one in five, for example — it underlines the extent to which a minority of the population struggles to get by.

Figures from the Swiss federal statistics office showed that 7.7 percent of the nation of eight million people lived below the poverty line in 2012.

Switzerland’s poverty line is 2,200 Swiss francs (1,800 euros, $2,466) per month for a single person and 4,050 francs for a couple with two children.

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