Almost NOK 1 million in household debt
Income and consumption
ifformue, Households' income and wealth, household income, household type (for example single, couples with children, couples without children), wealth, debt, capital accounts, bank deposits, student loanIncome and wealth, Income and consumption

Households' income and wealth2010



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Almost NOK 1 million in household debt

Norwegian households had an average debt of NOK 992 000 in 2010. Households with the highest incomes increased their debt the most.

Norwegian households increased their average debt by 5.6 per cent from 2009 to 2010. Households with the highest incomes had the strongest increase in debt. Average household debt in the two deciles at the top of the income distribution rose by almost 7 per cent from 2009 to 2010, compared to a decline of more than 5 per cent in average debt among households in the lowest income decile. Households in the middle of the income distribution increased their debt by approximately 5 per cent.

Households in the top decile in the income distribution had an average debt of NOK 2.4 million in 2010, while average debt in the lowest income decile was NOK 200 000.

High debt among many households with small children

An increasing number of households have a high debt exposure. In 2010, 6 per cent of all households had more than NOK 3 million in debt. This amounts to 135 000 households. Households with small children, where the youngest child is 0-5 years, most frequently have a household debt of more than NOK 3 million. Among these households, 17 per cent had a debt of more than NOK 3 million, and 7 per cent had more than NOK 4 million.


Underlying data

As of 2004, the household income statistics are 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. 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 wealth is based on the tax-assessment value. Consequently, the statistics show a lower value on some objects than the actual market value. This primarily applies to real properties (for instance the value of private homes). The property value is also affected by changes in the tax rules. See " About the statistics " for more information .