Household

Finland

HOUSING LOANS

53% of Finnish households in debt

The Nomad Today/dpa 6/27/21

The total amount of these loans was 131,600 million euros in 2020, 3.4% more than the previous year

Finland

CRISIS

Coronavirus sinks Finland's GDP as public deficit skyrockets

The Nomad Today 3/15/21

The financial position, or net lending, of general government showed a deficit of 12.9 billion euros in 2020, while in the previous year it was 'only' 2.4 billion.  

Finland

PANDEMIC

Finnish households increased saving rate despite lower income

The Nomad Today 9/18/20

When the pandemic broke out, wages and salaries decreased by over 1 billion euros, but consumption diminished even more, which resulted in a significant increase in the saving rate.

Lifestyle

Can you afford to heat your home?

The Nomad Today 1/7/20

7% of the EU population said in a survey that they could not afford to heat their homes. The percentages vary widely depending on the country, from 33.7% in Bulgaria to 1.6% in Austria. In the…

Finland

Residents of Finland spend the most on housing among EU member states

The Nomad Today 11/27/19

Finland is also the country where housing expenditure recorded the largest increase in the last 10 years.

Finland

How do Finnish homes use energy?

The Nomad Today 11/21/19

Most of the energy goes to heating the home, but cooking, heating water and saunas, lighting and appliances also consume good amounts of power.

Finland

Finland considering to set legal limits on household indebtedness

The Nomad Today 10/1/19

A working group of the Ministry of Finance proposed that the amount of a household’s all credits should not exceed 4.5 times the annual gross income of the household when applying for new credit and…

Finland

Finland, among the European states with highest household welfare

The Nomad Today 6/19/19

Finnish GDP per capita expressed in purchasing power standards was 110% of the EU average.

Finland

LIFESTYLE

Only 22% of Finnish households have children

The Nomad Today 6/4/19

In the European Union, Ireland recorded the highest proportion of households with children (39%), ahead of Cyprus, Poland and Slovakia (all 36%) and Romania (35%). The lowest rates were recorded in…

Finland

Finland, the fourth EU country where young people leave homes at earlier age

The Nomad Today 5/16/19

On average young people in the European Union leave the parental household at the age of 26, but there are significant variations depending on the country and the gender. In general, women tend to…