September 26, 2021

In Annemasse, Swiss money deepens inequalities

Mohamed, 20, grew up and lives in Perrier, the poorest district of Annemasse, in Haute-Savoie. He recently invested a good part of his first baker’s pay, 5,000 Swiss francs (4,559 euros), in a powerful scooter: “Yep, it’s Switzerland! “, he says, smiling. Annemasse, a border town nestled against the reliefs which dominate Lake Geneva, lives largely in Swiss time. Geneva, with its staggering salaries, loves most of its assets, which drain a little of its wealth when returning home in the evening.

This city illustrates a phenomenon highlighted by the latest report from the Observatory of Inequalities, published Wednesday, June 2. In some French municipalities, the disparities in income and assets are particularly glaring.

This independent organization is proposing this year a ranking of “Twenty most unequal cities in France”, or “There are two forms of territorial inequalities: from above, like Paris and the Hauts-de-Seine, because the rich are very rich there and the poor cannot afford to live there, or from below , like Seine-Saint-Denis and the overseas departments, because the poor are particularly poor there ”, detail the authors, Anne Brunner and Louis Maurin.

No tinsel or bling-bling

At the top of the list, Neuilly-sur-Seine (Hauts-de-Seine) is the most emblematic and the most anticipated: the richest 10% earn at least 120,000 euros per year, and the poorest 10% at best. 15,000 euros, or eight times less, the average differential being 3.4 across France. Behind Neuilly, Paris and Boulogne-Billancourt (Hauts-de-Seine), comes Annemasse (Haute-Savoie) with 39,000 inhabitants, in fourth position: its 10% of the poorest households earn less than 800 euros per month (barely 10,000 euros per year), while the richest 10% earn 5.3 times more, or on average 4,200 euros per month (50,400 euros per year).

Article reserved for our subscribers Read also Ghettos of the rich, ghettos of the poor: inequalities are growing in Ile-de-France

Here, no flashy or bling-bling. The better-off people in the area prefer the pretty little towns on the shores of Lake Geneva rather than this town without any primer. “There are no great fortunes in Annemasse, confirms Christian Verdonnet, notary. But liberal professions and entrepreneurs can afford beautiful villas with swimming pool for 500,000 euros or up to 1 million euros on the heights of Vétraz-Monthoux, with a view of Mont Salève, a symbol of Annemassian success. “

You have 73.82% of this article to read. The rest is for subscribers only.