INVESTMENT SOLUTIONS & PRODUCTS Disposable Income In
Total Page:16
File Type:pdf, Size:1020Kb
INVESTMENT SOLUTIONS & PRODUCTS Economic Research Disposable Income in Swiss Municipalities Factsheet | Adligenswil RDI indicator (Regional Disposable Income) Facts & Figures Canton LU District Luzern-Land Population (2015) 5'348 Population growth -0.5% (2005-2015) Employment (2014) 1'131 Disposable Income RDI indicator low high Costs Mandatory charges Fixed costs Childcare (incl. tax impact) low high Disposable Income by Type of Reference Household and Commuter Route Married couple Family Family Household type Single person (no children) (2 children) (2 children, Retired couple incl. childcare) In employment 1 person 2 persons 1 person 2 persons Retired Income 75'000 250'000 150'000 120'000 80'000 Assets 50'000 600'000 300'000 250'000 300'000 Rented apartment, High-quality single Medium-quality Medium-quality Rented apartment, Living situation 60m2 family house single family house condominium 100m2 Commute to Zürich CHF CHF CHF CHF CHF Car 26'300 81'600 65'900 38'300 − Public transport 32'300 97'000 72'300 44'700 − Luzern CHF CHF CHF CHF CHF Car 32'900 96'000 72'400 45'100 − Public transport 34'000 99'900 73'600 46'300 − No commuting 34'700 100'800 74'200 46'800 31'300 Credit Suisse Economic Research | December 2016 page 1 Factsheet | Adligenswil Disposable Income, Comparison of Municipalities (Reference Households incl. Commuting) Family RDI Married couple Family Single person (2 children, Retired couple indicator (no children) (2 children) incl. childcare) Adligenswil 0.62 33'500 97'900 73'000 45'700 31'300 Udligenswil 0.62 32'900 95'000 71'500 43'800 30'800 Dierikon 0.99 33'400 100'000 74'900 48'200 32'400 Meggen -0.53 33'300 70'200 54'300 34'400 27'500 Ebikon 0.64 33'900 97'700 71'900 41'300 31'400 Luzern -0.07 32'300 90'300 67'300 39'600 26'600 Buchrain 0.83 33'600 97'400 73'100 44'400 32'700 Root 1.20 32'900 102'300 76'500 53'300 32'300 Küssnacht (SZ) 0.32 33'900 86'100 65'400 37'600 29'000 Gisikon 1.21 34'000 101'700 75'500 46'500 33'900 Kriens 0.38 33'400 94'500 70'100 43'700 30'300 Meierskappel 0.49 31'200 90'700 70'700 42'200 29'300 Honau 1.32 33'700 103'200 76'600 49'400 33'500 Inwil 1.09 33'500 100'300 75'600 49'200 32'700 Horw 0.21 33'400 91'900 68'500 39'400 29'200 Eschenbach (LU) 1.17 34'100 104'100 77'100 47'100 32'900 Dietwil 0.85 32'900 99'200 74'500 48'200 34'300 Risch 0.65 37'500 74'200 63'000 45'100 36'300 Hergiswil (NW) 0.23 35'400 82'500 62'800 34'300 32'500 Greppen 0.73 32'300 95'800 72'600 44'400 31'000 Stansstad 0.26 34'200 87'100 65'200 33'700 31'100 Oberrüti 1.22 34'300 104'300 77'300 50'300 36'800 Hünenberg 0.21 35'500 73'500 62'700 42'600 30'000 Ballwil 1.39 34'600 105'800 78'300 48'400 35'300 Rothenburg 0.70 33'500 98'000 73'100 44'600 31'800 Cham 0.45 36'800 78'800 64'100 41'600 32'200 Emmen 0.58 33'300 97'100 72'300 46'300 30'000 Neuenkirch 0.83 32'800 101'100 76'700 45'300 31'900 Sempach 0.92 32'800 97'300 74'500 44'500 32'700 Luzern -0.07 32'300 90'300 67'300 39'600 26'600 Zürich -1.87 30'600 48'100 38'900 34'900 20'700 RDI indicator: standardized figure of the disposable income for a wide range of households (0 = Swiss average) + Income (employment, assets, occupational pensions, transfer payments) − Mandatory charges (income and wealth taxes, social security contributions, pension contributions, health insurance premiums) − Fixed costs (living costs, ancillary expenses, electricity costs) − Commuting costs, partly tax-deductible − Childcare (nursery costs), partly tax-deductible Contact Further Information Credit Suisse Economic Research Study «Housing, Commuting, Childcare: Where's the Least Expensive Place to Live» (2016) Swiss Regional Research www.credit-suisse.com/research [email protected] Tel. +41 44 334 74 19 Details of sources are contained in the above-mentioned study. Credit Suisse Economic Research | December 2016 page 2 Sensitivities Sensitivity analysis is understood as the change in the market value (e.g. price) of a financial instrument for a given change in a risk factor and/or model assumption. Specifically, the market value of any financial instrument Risk warning may be affected by changes in economic, financial and political factors Every investment involves risk, especially with regard to fluctuations in (including, but not limited to, spot and forward interest and exchange rates), value and return. If an investment is denominated in a currency other than time to maturity, market conditions and volatility, and the credit quality of your base currency, changes in the rate of exchange may have an adverse any issuer or reference issuer. effect on value, price or income. Financial market risks For a discussion of the risks of investing in the securities mentioned in this Historical returns and financial market scenarios are no guarantee of future report, please refer to the following Internet link: performance. The price and value of investments mentioned and any in- https://research.credit-suisse.com/riskdisclosure come that might accrue could fall or rise or fluctuate. Past performance is not a guide to future performance. If an investment is denominated in a This report may include information on investments that involve special currency other than your base currency, changes in the rate of exchange risks. You should seek the advice of your independent financial advisor may have an adverse effect on value, price or income. You should consult prior to taking any investment decisions based on this report or for any with such advisor(s) as you consider necessary to assist you in making necessary explanation of its contents. Further information is also available these determinations. in the information brochure “Special Risks in Securities Trading” available from the Swiss Bankers Association. Investments may have no public market or only a restricted secondary market. Where a secondary market exists, it is not possible to predict the The price, value of and income from any of the securities or financial price at which investments will trade in the market or whether such market instruments mentioned in this report can fall as well as rise. The value of will be liquid or illiquid. securities and financial instruments is affected by changes in spot or forward interest and exchange rates, economic indicators, the financial Emerging markets standing of any issuer or reference issuer, etc., that may have a positive or Where this report relates to emerging markets, you should be aware that adverse effect on the income from or price of such securities or financial there are uncertainties and risks associated with investments and transac- instruments. By purchasing securities or financial instruments, you may tions in various types of investments of, or related or linked to, issuers and incur a loss or a loss in excess of the principal as a result of fluctuations in obligors incorporated, based or principally engaged in business in emerging market prices or other financial indices, etc. Investors in securities such as markets countries. Investments related to emerging markets countries may ADRs, the values of which are influenced by currency volatility, effectively be considered speculative, and their prices will be much more volatile than assume this risk. those in the more developed countries of the world. Investments in emerg- ing markets investments should be made only by sophisticated investors or Commission rates for brokerage transactions will be as per the rates experienced professionals who have independent knowledge of the relevant agreed between CS and the investor. For transactions conducted on a markets, are able to consider and weigh the various risks presented by principal-to-principal basis between CS and the investor, the purchase or such investments, and have the financial resources necessary to bear the sale price will be the total consideration. Transactions conducted on a substantial risk of loss of investment in such investments. It is your respon- principal-to-principal basis, including over-the-counter derivative transac- sibility to manage the risks which arise as a result of investing in emerging tions, will be quoted as a purchase/bid price or sell/offer price, in which markets investments and the allocation of assets in your portfolio. You case a difference or spread may exist. Charges in relation to transactions should seek advice from your own advisers with regard to the various risks will be agreed upon prior to transactions, in line with relevant laws and and factors to be considered when investing in an emerging markets in- regulations. Please read the pre-contract documentation, etc., carefully for vestment. an explanation of risks and commissions, etc., of the relevant securities or financial instruments prior to purchase Alternative investments Hedge funds are not subject to the numerous investor protection regula- Structured securities are complex instruments, typically involve a high tions that apply to regulated authorized collective investments and hedge degree of risk and are intended for sale only to sophisticated investors who fund managers are largely unregulated. Hedge funds are not limited to any are capable of understanding and assuming the risks involved.