{
Kaisa Kivipelto

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}
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001122334455554433221100

finland faces savings crisis amid rising living costs and economic challenges

A recent bank survey reveals that one in four people in Finland have no savings, with 32% of women and 24% of men reporting this lack. Over half of respondents can only cover up to three months of expenses if income is lost, highlighting the financial strain on middle-income households amid rising living costs. However, signs of improvement are anticipated, with expectations of falling interest rates, better employment, and wages increasing faster than inflation in the coming years.
Helsinki Times
Euro Danske Bank A/S FIN Kaisa Kivipelto
Finance & Economy, News Article
15:30 01.04.2025

one in four finlanders lack savings amid rising cost of living

A recent survey by Danske Bank reveals that one in four people in Finland have no savings, with 32% of women and 24% of men reporting no funds in savings accounts. Over half of respondents can manage without income for up to three months, highlighting the impact of the cost of living crisis on financial stability. The bank advises aiming for savings equivalent to at least four months of expenses, a goal met by only 35% of those surveyed.
News
Euro Danske Bank A/S FIN Kaisa Kivipelto
Finance & Economy, News Article
12:40 01.04.2025
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