personal finances
For the third year in a row increases the number of households that have constant payment problems. The risk that many more ports in the economic mess has never been greater.
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Around 7 per cent of households in Norway are struggling with the bills. It is an increase from 5.3 per cent in 2011 and twice as many as in 2008, which was the lowest level, with 3.6 per cent, according to forbruksforskningsinstituttet SIFOs report “Economic assistance 2016″:
– This is not the highest numbers we’ve had, but the trend is upward. The most alarming now is that Norwegian households have never been as exposed to risk as they are now, says researcher Christian Poppe to the NTB.
– Currently, the economy in Norway is very good. But should it change, there is a great potential for the crisis here for very many, for example, if unemployment or interest rate increases.
Lose the overview
When people get payment problems, says four out of ten it is because they have lost track of the economy:
– the Norwegian hverdagsøkonomi has been very complicated compared with the past. The flow of money in and out of the husholdene is both bigger and faster, ” says Poppe.
Low interest rates have long led to an increase of the ratio in Norway, which quickly can become problematic if the interest rate rises. Already now the answer, three out of ten who have payment problems that mortgages are a major cause.
It is in many cases larger life events that trigger payment problems. One of three state unemployment, while one of the four says they had problems because of the disease, and every sixth is struggling with the economy after the break up.
the Combination of the lack of overview and such livsendringer do a lot of extra risk, especially if one is experiencing a material decline in revenues and increased expenses at the same time, ” says Poppe.
the Zero games room
the Report also shows that 11 per cent of households in the Uk do not have any financial leeway, the so-called economic well-being. It means that you might manage to pay the bills, but there is no extra money to something, either in the short or long term. There is also no security in the form of savings, if something unforeseen should happen.
– It is that which makes us most vulnerable now, is clearly forbrukslånene, which is located on top of the other loans. As of the first quarter had private households 90 billion in consumer loans, on top of 3.500 billion in debt, primarily mortgages. These numbers have never been so high before, ” says Poppe.
He pulls forward several sårbarhetsfaktorer:
Those who have more than three times the income of loans are deferred, younger more than older, people with low income and low education is inferior, and not least those working in an exposed sector. You begin to combine several of these factors, pointing it out to people at risk, ” he says and pulls forward the Stavanger region as an example.
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