Funny thing in Sweden, the largest voting group on both the right and the left side is house owners and apartment owners ranging from lower middle class to upper in terms of income.
End result in these times of crisis, chocking decrease of the repo rate for the swedish krona keeping the current house and apartment owners happy at the price of imported inflation. Everybody wins, eh except the low income segment (say 20% of the swedish population) who is gonna enjoy paying higher prices for their TVs, steroes, and whatever else Sweden is importing while paying rent for their apartment which is now not for sale at a bargain price because their overborrowed landlord didn’t go bust.
Looked at a funny table the other day which I of course can’t find again (so these numbers might be slightly off), where you could see Swedish ppl on average saves -1% of their income, Danish -4%, French 12% and Germans 11%. Says a lot, I think of the Swedish ppl I know probably not even one in ten has more than SEK30 000 (about EUR2800) on the bank and most of them have fairly well payed jobs and are in their thirties and beyond … of course probably eight of ten has loans of well over SEK1 000 000.
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God save the borrowing Swedish middle class
Funny thing in Sweden, the largest voting group on both the right and the left side is house owners and apartment owners ranging from lower middle class to upper in terms of income.
End result in these times of crisis, chocking decrease of the repo rate for the swedish krona keeping the current house and apartment owners happy at the price of imported inflation. Everybody wins, eh except the low income segment (say 20% of the swedish population) who is gonna enjoy paying higher prices for their TVs, steroes, and whatever else Sweden is importing while paying rent for their apartment which is now not for sale at a bargain price because their overborrowed landlord didn’t go bust.
Looked at a funny table the other day which I of course can’t find again (so these numbers might be slightly off), where you could see Swedish ppl on average saves -1% of their income, Danish -4%, French 12% and Germans 11%. Says a lot, I think of the Swedish ppl I know probably not even one in ten has more than SEK30 000 (about EUR2800) on the bank and most of them have fairly well payed jobs and are in their thirties and beyond … of course probably eight of ten has loans of well over SEK1 000 000.