“A huge amount”

In November the stock of lending to households by monetary and financial institutions amounted to SKr 3,279 billion, up SKr 222 billion on November 2014. Mortgage lending increased by SKr 200 billion to SKr 2,673 billion, reports Statistics Sweden.

“200 billion sounds like a huge amount and it is true that in krona and öre we have never been so indebted. Debt has also grown more than disposable income. But the other side of the coin is that if you compare debts to assets, including residential assets, the debt ratio has in fact decreased in recent years,” says SEB economist Jens Magnusson.