Swedish household wealth decreased despite positive financial savings
Wednesday, 25 September 2013
Swedish households had positive financial savings during the second quarter of this year. However, household wealth decreased since a large part of households’ assets is related to shares, and the Stockholm Stock Exchange, which fell, by 3.5 percent according to Affärsvärlden's general index.
Households' financial wealth decreased during the second quarter of 2013 by Skr 67 billion, of which Skr105 billion was due to a decrease in value and 38 billion due to positive financial savings. The decrease in value occurred mainly for share-related assets. The share-related assets consist of directly owned quoted and unquoted shares, as well as indirectly owned shares through savings in pensions, insurance, and funds.
Read more from Statistic Sweden, the source of this news item