Norwegians’ money mountain increases / News / The Foreigner

Norwegians’ money mountain increases. Inhabitants of the oil-rich Scandinavian country have never had it so good financially speaking, to borrow an old UK Tory slogan. Just over 26 years since the death of UK Conservative Prime Minister Maurice Harold Macmillan, 1st Earl of Stockton, current reports reveal each Norwegian had an average of over NOK 200,000 in the bank at the beginning of 2012. This is the first time-ever that people over 17 years of age had this amount of wealth in the bank, according to figures from state number cruncher the SSB (Statistics Norway).

norwaymoney, norwegianswealth



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Norwegians’ money mountain increases

Published on Wednesday, 6th February, 2013 at 10:22 under the news category, by Michael Sandelson   .

Inhabitants of the oil-rich Scandinavian country have never had it so good financially speaking, to borrow an old UK Tory slogan.

Norwegian currency
Norwegian currency
Photo: chezzzers/IStockphotos


Just over 26 years since the death of UK Conservative Prime Minister Maurice Harold Macmillan, 1st Earl of Stockton, current reports reveal each Norwegian had an average of over NOK 200,000 in the bank at the beginning of 2012.

This is the first time-ever that people over 17 years of age had this amount of wealth in the bank, according to figures from state number cruncher the SSB (Statistics Norway).

According to regional paper Stavanger Aftenblad, Rogaland County’s private customers increased their average deposits from NOK 116,200 to NOK 213,700 in the ten years from 2002.

This is an 83.9 percent increase for these southwestern Norway-based inhabitants.  Only Oslo surpasses Stavanger in Norway’s major cities when it comes to bank saving.

DNB consumer economist Silje Sandmæl tells the paper best at saving are people aged between 40 and 50.

“We know that 80 percent of us to save in the bank, and are well on the way to paying down on their debts when people have entered into the housing market and have had children. This when they also put more money in the bank,” she says.

Basing calculations on average deposit-levels, Stavanger Aftenblad ranks Oslo, Akershus, and Sogn og Fjordane Counties as having the wealthiest private savers. Rogaland comes fourth.



Published on Wednesday, 6th February, 2013 at 10:22 under the news category, by Michael Sandelson   .

This post has the following tags: norwaymoney, norwegianswealth.





  
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