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 | Dagmersellen RDI indicator (Regional Disposable Income) Facts & Figures Canton LU District Willisau Population (2015) 5'234 Population growth 18.0% (2005-2015) Employment (2014) 2'822 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 29'900 99'800 77'200 44'400 − Public transport 34'500 112'500 82'600 50'000 − Luzern CHF CHF CHF CHF CHF Car 30'600 100'900 78'100 45'900 − Public transport 35'700 114'300 83'600 51'300 − No commuting 37'300 116'800 85'000 52'600 37'100 Credit Suisse Economic Research | December 2016 page 1 Factsheet | Dagmersellen 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) Dagmersellen 1.63 33'100 107'600 80'900 48'600 37'100 Altishofen 1.78 32'900 110'300 81'800 49'200 36'200 Nebikon 1.73 32'200 111'700 83'200 48'700 35'000 Reiden 1.27 31'200 99'900 76'600 47'000 34'600 Brittnau 0.97 33'600 107'500 79'700 51'700 35'600 Schötz 1.41 32'000 99'100 76'800 48'500 36'300 Egolzwil 1.28 31'900 99'400 75'600 46'300 35'200 Knutwil 0.88 31'700 96'400 73'400 44'300 33'000 Wikon 1.42 34'200 107'000 80'200 51'600 36'500 Alberswil 1.53 33'100 105'500 79'500 52'200 36'300 Ebersecken 1.93 34'400 109'500 82'700 53'800 39'500 Geuensee 0.91 31'600 94'300 73'500 49'400 32'700 Aarburg 1.04 34'900 108'200 79'700 60'600 35'600 Wauwil 1.32 31'900 102'500 77'800 47'700 34'200 Oftringen 0.98 35'200 107'700 79'200 54'200 36'000 Sursee 0.86 31'800 98'600 74'500 41'000 31'700 Strengelbach 1.20 34'500 109'900 80'800 56'300 36'500 Rothrist 1.01 35'100 107'100 78'300 54'400 35'700 Pfaffnau 1.63 31'900 104'700 79'200 49'300 35'700 Ettiswil 1.52 32'200 107'700 81'200 48'600 34'900 Schenkon 1.12 33'600 101'800 75'100 44'300 33'600 Gettnau 1.39 32'200 100'100 77'000 49'500 36'400 Mauensee 1.11 32'100 101'000 76'500 46'000 33'800 Zofingen 0.81 34'000 103'500 75'900 54'400 34'300 Büron 1.13 31'700 101'500 77'500 46'000 33'600 Reitnau 1.28 34'600 110'400 81'600 52'200 38'300 Oberkirch 0.92 32'400 98'100 73'700 41'900 32'800 Sempach 0.92 32'800 97'300 74'500 44'500 32'700 Willisau 1.09 31'600 98'400 76'300 42'200 34'300 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. The market particular investment discipline or trading strategy, and seek to profit in all value of any structured security may be affected by changes in economic, kinds of markets by using leverage, derivatives, and complex speculative financial and political factors (including, but not limited to, spot and forward investment strategies that may increase the risk of investment loss.