BobbyBuckle on Nostr: According to Norways largest bank (DNB), an average family with 2 adults and 2 ...
According to Norways largest bank (DNB), an average family with 2 adults and 2 children have increased costs of 16.000 $ yearly since 2020.
Approx half from increased prices and half of interest payments on a normal house.
In the same period, income after tax increased with 6.000 $ for the household. Still a difference of 10.000 $ yearly.
We know that the price index does not take into account interest payments. As this example from DNB shows, intrests are really impacting Norwegian families. And about 82 % of adult Norwegians own their own home, and less than 8 % have a fixed interest rate.
In 2020, according to the Natinal Beeau of Statistics (SSB), the avarage income for a household after tax was 54.400 $ (this would include single households, so I guess the example family from the bank would be above average).
If you add 6.000 $ in wages since 2020, and also add another 10.000 $ to this example family, it is not far fetched to conclude that a lot of families in 2023 have about 70.000 $ in income after tax, with 16.000 $ increse in yearly living costs. That is a lot!
Harder times incoming?
Published at
2023-08-20 22:23:31Event JSON
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"content": "According to Norways largest bank (DNB), an average family with 2 adults and 2 children have increased costs of 16.000 $ yearly since 2020.\n\nApprox half from increased prices and half of interest payments on a normal house.\n\nIn the same period, income after tax increased with 6.000 $ for the household. Still a difference of 10.000 $ yearly.\n\nWe know that the price index does not take into account interest payments. As this example from DNB shows, intrests are really impacting Norwegian families. And about 82 % of adult Norwegians own their own home, and less than 8 % have a fixed interest rate.\n\nIn 2020, according to the Natinal Beeau of Statistics (SSB), the avarage income for a household after tax was 54.400 $ (this would include single households, so I guess the example family from the bank would be above average).\n\nIf you add 6.000 $ in wages since 2020, and also add another 10.000 $ to this example family, it is not far fetched to conclude that a lot of families in 2023 have about 70.000 $ in income after tax, with 16.000 $ increse in yearly living costs. That is a lot!\n\nHarder times incoming? https://cdn.nostr.build/i/d54b2641b34220e5bb2ccc479f8f7b21a7d5692d2923c3a0f13c0081dc412433.jpg ",
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