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ABOUT THE AUTHOR

Konrad Häuptli graduated from the University of Berne, qualified as an attorney-at-law and was admitted to the Bar of the Canton of Berne. He joined HSBC in 2002 after working with Swiss Re for over 20 years. He then went on to work for KENDRIS in 2016 after retiring as former CEO of HSBC’s Trust Companies in Switzerland. Konrad Häuptli is a member of the Advisory Board of the Swiss Association of Trust Companies (SATC) and is also a member of mixed expert groups representing SATC. He has been managing family assets and has been involved in entrepreneurial activities, board assignments as well as private equity investments.
CHF 4,880 billion

The case

Swiss Financial Accounts: Household wealth increased in 2024.

Source: SNB

The commentary

Household financial assets increased by CHF 119 billion to CHF 3,146 billion (up 3.9 %) in 2024, which was due to both transactions and capital gains. While households invested in all quarters, they benefited from rising stock market prices in Q1 in particular .

Household liabilities increased by CHF 22 billion to CHF 1,037 billion (up 2.1 %) over the course of 2024. At CHF 953 billion, mortgages made up by far the largest share, increasing more strongly again (up CHF 19 billion or 2.1%) in 2024 following a slowdown in growth since Q4 2022.

Net worth (financial assets and real estate wealth less liabilities) increased by a total of CHF 180 billion to CHF 4,880 billion (up 3.8 %) in 2024. The rise in household financial assets and real estate wealth (46.8 % of total assets of households) was significantly stronger than that in household liabilities.

This publication has been prepared solely for information purposes and is does not constitute a recommendation, a solicitation, or an offer. The information on which this publication is based has been obtained from sources that we believe to be reliable and in good faith, but we have not independently verified such information and no representation or warranty, express or implied, is made as to its accuracy. All expressions of opinion are made as of the date of publication and may be subject to change without notice. k-flash and all related affiliates accepts no liability or responsibility whatsoever for any consequential loss of any kind arising out of the use of this publication or any part of its contents. The use of this publication should not be regarded as a substitute for the exercise by the recipient of his or her own judgment. This publication is not directed to any person in any jurisdictions that prohibit such publication.
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