According to the European Consumer Payment Report 2015, Swedes have a brighter view of their economic futures than many of the others who took part in the survey.
Half answered that their economic situation in life was very good or pretty good. Some 37 percent have confidence that their economic situation will improve. Those who took part in the survey considered it important to pay bills on time. On average, 85 percent of Europeans and 89 percent of Swedes answered that it was important.
While 48 percent of Europeans answered that they were unable to pay at least one bill over the previous twelve months because they didn’t have the money, the corresponding figure for Swedes was 26 percent.
Some 51 percent of Europeans make monthly savings, while 62 percent of Swedes save money. Every second Swede also stated that they would be able to cope with the unforeseen expenditure of SEK 13,000 without having to borrow money. On average, Swedes save SEK 2,000 per month.
In the event of Swedes taking loans to finance their debts, they turn to in higher proportions than people from southern Europe to other credit institutions (18 percent) rather than to their regular bank, and to SMS loans and online credit (16 percent). In Germany, just four percent of respondents said they would pay a debt with an SMS loan, while in Greece the figure was one percent. Just two percent of Greeks would turn to a bank other than their regular one.
While 37 percent of French respondents said that they could not end their relationship because of the family’s economic situation, the corresponding figure in Sweden was eight percent.