Switzerland does not have a definitive social class or caste system. The middle class is large and is considered easy for them to move up or down the ladder. The wealthiest 20% of the country owns 80% of private assets. Statistics calculated by the European Union in 2002 declared that Switzerland is the 3rd most expensive country in Europe. The country is generally wealthy and attracts wealthy citizens. The Swiss population does not feel it necessary to discuss their income with even the closest of friends. Flaunting wealth of any kind is highly disrespectful to the culture. Switzerland attracts some of the wealthiest people in Europe. In 2006 the Swiss magazine, Bilanz, made a list of the 300 wealthiest people in Switzerland and 1/5 of them appeared to be German.
In 2006 the Zurich statistic office analyzed their population through income taxes and found that those old enough to collect a pension were better off than in the 90’s and young people were worse off. Younger generations spend more time in school and receiving training, which takes away from their opportunity to make money. Middle age couples stayed about the same as far as income because of social security contributions that took extra income away. At about the age of 50 financial situations improve slightly because of potential inheritance and the children do not need to be supported. Poverty is also an issue in Switzerland. In 2005 the poverty line was 2200 francs for a single household and 4600 francs for a single parent with 2 children. Having a job can still put people on the line of poverty; 4.2% of people between the ages of 20 and 59 fall into the working poor category. About 3.3% of the population requires the benefits of welfare because they lack income, professional training, or have too many children to provide for.
Switzerland prides itself on neutrality and the 4 main ethnic groups that have made Switzerland their home find peace in the country. The Swiss have mutual tolerance and respect of other races and are able to welcome new main languages into their culture. Behaviorally, the ethnic/racial groups work well together and perform well in groups in beneficial nationwide groups. Approximately ¼ of the Swiss population participates in volunteer organizations, clubs, charitable organizations, and political positions. Men prefer involvement in sports, cultural associations, public service, interest groups and public bodies. Women contribute heavily to church and other charity functions as well as voluntary child care.
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