This is an archived release.
Many households have savings
Many households have bank deposits to meet unexpected expenditures. In 2007, almost six out of ten households had bank deposits that were equal to or more than the basic amount of the National Insurance.
Having easily accessible money can be an advantage in difficult economic times, or when you face unexpected expenditures. In 2007, 58 per cent of Norwegian households had bank deposits that exceeded NOK 65 000. This amounts to about two months of average pay for Norwegian employees this year.
There are, however, differences among household types in respect of bank savings. More elderly couples are financially secure than young households. Nine out of ten pensioner couples have bank deposits larger than the basic amount of the National Insurance, while this is the case for only one in three households consisting of young people living alone or single parents.
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. 2006 og 2007. NOK million, part of households that have amount on the different property codes and average
- Table 2 Number of households, by size of debt compared to total income, 2007-NOK. 1995, 2000, 2004, 2005, 2006 and 2007. Per cent. Adjusted 17.07.2009
- Table 3 Households by size of taxable financial capital and type of household. 2007. Per cent
- Table 4 Households by size of debt and type of household. 2007. Per cent
- Table 5 Average debt and per cent changes in average debt for households in different deciles for total household income. 2004, 2005, 2006 and 2007. NOK and per cent
- Table 6 Households with bank deposits higher than 1 G (Basic amount of the National Insurence)
The statistics is published with Income and wealth statistics for households.