Friday, March 24, 2023

“Poverty in Switzerland will increase”

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Nothing is left after the fixed costs: inflation is affecting many people in Switzerland.


Jean Claude RaemyEditor Economics

It is easy to save on holidays and other luxuries. When renting and eating less. Inflation is driving those who cannot afford luxury today to the brink of despair. Annual inflation was 2.8 percent in 2022 – higher than it has been for a long time. While a large part of the population can cope relatively well with this rise in prices, people at the lower end of the income scale face major problems.

One way to save on groceries is to shop at one of the 22 Caritas markets at a discount. This is only possible with a special shopping card. It is available to people who live at or below the subsistence level, receive economic social assistance or supplementary benefits to AHV/IV or are in the process of debt restructuring.

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