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Per https://www.swissinfo.ch/eng/swiss-may-face-a-future-referen... Swiss people have $11.8K in cash on average - an extraordinarily high amount. [edited to insert "Swiss"]


I’m very very skeptical of that number… If all the US currency was evenly divided amongst the US’s population, each person would hold about $6600. But almost nobody actually holds that much cash in the US - that cash is mostly held by criminal organizations, individuals that can’t engage with the traditional banking system, and foreign governments. The Swiss Franc has similar utility to the USD in that regard, so I suspect that number is not representative of nearly all households.


Yeah, there's a ton of US$ cash outside of USA. Estimates have been between 40 and 72%

https://www.bullionstar.com/blogs/jp-koning/how-much-u-s-cur...

Swiss Francs are far from a reserve currency, beyond the poor recognition of the notes outside of Switzerland and nearby countries, so I'm doubting too many are held outside of Switzerland. Euros or Dollars would be far better.


Swiss people are also good at saving money, regardless if it's cash or investments


Gets difficult when you are paying negative interest rates but at least that is over now. [1]

[1] https://www.swissinfo.ch/eng/business/switzerland-exits-nega...


Fwiw, consumer prices in Switzerland don’t really compare to those in the rest of Europe or the US. Would be interesting to see a normalized bar chart.


Whats the median, because average says nothing.




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