This is an archived release.
More households with high level of debt
Between 2000 and 2006, the proportion of households with debt three times the size of household income increased from 6 to 12 per cent.
More and more households increase their level of debt. In 2006, 12 per cent of all households (250 000 households), had debt more than three times the size of income. Households with a total income between NOK 300 000 and 400 000, have the highest level of debt. In 2006, 16 per cent of these households had a high level of debt compared to their income.
From 2000, households have increased their debt. In 2006, average dept per household was NOK 772 000. This is 10.6 per cent higher than in 2005. The increase in debt was modest from 2004 to 2005 among household with low income. From 2005 to 2006, however, households with low income had the highest increase in debt.
|1||140 000||149 000||172 000||6.2||15.7|
|2||169 000||188 000||208 000||11.1||10.8|
|3||249 000||284 000||317 000||14.1||11.6|
|4||361 000||411 000||455 000||13.7||10.8|
|5||480 000||534 000||590 000||11.2||10.5|
|6||614 000||682 000||755 000||11.1||10.7|
|7||774 000||857 000||947 000||10.7||10.5|
|8||918 000||1 008 000||1 117 000||9.8||10.8|
|9||1 038 000||1 147 000||1 275 000||10.5||11.1|
|10||1 514 000||1 724 000||1 882 000||13.9||9.2|
|All||626 000||698 000||772 000||11.5||10.6|
|Number of households||1 996 634||2 017 335||2 051 473|
|1||Students not included.|
One in ten households has more than NOK 2 million in debt
When we compare different types of household, we see that families with children have the highest level of debt. The average debt of couples with children (below 6 years old) was NOK 1.5 million in 2006, compared with NOK 121 000 for single old-age pensioners.
Nearly one in ten households had more than NOK 2 million in debt in 2006, and 3 per cent (about 60 000 households), had more than NOK 3 million in debt.
One in five households does not have debt
In 2006, nearly one out of five households had no debt at all. This applied to one in four households ten years ago. It is primarily old-age pensioners living alone who have no debt. Nearly six out of ten old-age pensioners living alone had no debt in 2006.
The statistics include all private households excluding student households. In addition to registered cash income received by households, the statistics also include debt and wealth registered in the tax assessment. Thus the valuation of the wealth is based on the assessment value. This means that the statistics show a lower value on some objects than the market value. This primarily applies to real properties (for instance private homes), but also parts of the financial capital (shares and bonds). The property value is also affected by changes in the tax rules. As of 2004, the household income statistics have been based solely on register data, including all persons in private households living in Norway at the end of the year. Persons in student households are not included. See “ About the statistics ” for more information .
- Table 1 Property account for households. 2005 and 2006. NOK million and part of households that have amount on the different property codes
- Table 2 Number of households, by size of debt compared to total income, 2006-NOK. 1995, 2000, 2004, 2005 og 2006. Per cent
- Table 3 Households by size of taxable financial capital and type of household. 2006. Per cent
- Table 4 Households by size of debt and type of household. 2006. Per cent
The statistics is published with Income and wealth statistics for households.