Household loans and savings increasing in Sweden during the past quarter

We can see an increase in households’ total loan stock where the annual growth rate has increased during the pandemic, this is probably due to the temporary exemption from amortization rule which were introduced to help households coupe with a potential financial crisis during covid-19. This growth rate is estimated to decrease going forward.

At the same time households’ savings has also increased where we during the second quarter of 2021 can see a growth in total financial assets of almost 10% compared to end of firsts quarter 2021, the interesting takeaway here is that we see a fairly stable mix of asset types compared to same period last year – which means that people have been saving almost as much in traditional bank accounts as the stock market has increased the past year.

You can find more details below from SCB, Statistics Sweden, in their latest report on financial accounts in Sweden.

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