Poverty in old age is a significant problem. But a survey from canton Zug is highlighting a major wealth gap.
Half of pensioners there are millionaires.
The survey by the association for the elderly, Pro Senectute, shows much of the other half are at risk of poverty – or in poverty, judged by having an income less than CHF 2,300 a month.
Many are living on only the premier-pillier pension income.
The association says many of those don’t realise they are likely to be entitled to further social payments.
But more worryingly, the association says many have lost money to internet scams, but are too embarrassed to say so.
Tense press conference highlights council's shortcomings
Insurers prepare for massive fire costs
Green party calls on Bern to ban Trump
Venezulan gold passed through Switzerland
Illegal birds stopped at Geneva border
Govt looks at supporting electric trucks
