Parents in Switzerland set aside money for their children and do so mainly through savings accounts.
Specifically, more than three-quarters of all parents (76%) invest their children’s money in a savings account, as the survey of around 1000 Swiss parents shows.
The survey conducted by the Lucerne University of Applied Sciences and Arts (HSLU) on behalf of online wealth management company True Wealth shows that investments in securities play a subordinate role. Only 21% of respondents invest in securities such as stocks or ETFs.
“With their long investment horizon, children would be ideally placed to benefit from high-yield investments and benefit from the effect of compound interest,” says Tatiana Agnesens, head of the HSLU study, writes swissinfo.
The investment horizon is long because according to the survey, over 60% of parents start saving in the first year of life and about 10% even before the birth of the child. (albinfo.ch)
