Savings help households cope with rising interest rates
Mäki-Fränti, Petri; Silvo, Aino (05.07.2023)
Volyymi
97Numero
2/2023Julkaisija
Bank of Finland
2023
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe2023070690316Tiivistelmä
The rise in consumer prices and interest rates continues to put a strain on households this year. This is affecting households in a variety of ways, depending on their income, wealth and debt. The cost of living of low-income households has risen slightly more than that of high-income households. The largest interest expenses in euro terms burden average and high-income households, but they are also well placed to cope with a rise in expenses. Most Finnish households’ financial margin is quite good, which dampens the macroeconomic effects of higher prices and interest rates.
Julkaisuhuomautus
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