This illustrates how illiterate people are with money..
Tldr in english. 8/10 swedish person age 18-29 will take out a loan to go onon vaccation this year.
This illustrates how illiterate people are with money..
Tldr in english. 8/10 swedish person age 18-29 will take out a loan to go onon vaccation this year.
Creepy - you can blog about your vacation on Hive to cover the costs instead :)
Haha they failed to realize this ^^
But honestly is this showing the deep cracks we have in my country just waiting to destroy our entire economy.
Well, on the other hand, when you're in debt, you're sort of forced to work harder to settle it. So it could be an incentive at the end of the day :) If they just saved money and then travelled, they'd get lazy :)
Problems is that people dont realize how much you actually pay for a loan. You dont just pay the debt, you pay off interest as well and these typ of loans isnt cheap.
That's why it is better for the Swedish economy than saving first and travelling then.
You borrow 5k euro, you pay back 6k euro and you need to work hard in the meanwhile :) Better than if you were saving (i.e. not spending on services and goods) :)
I would not say its better for the swedish economy. Its mostly better for the loan institutes. Less money to spend on the rest of the economy.
They would likely be local, though. And they (their employees and management) spend money within the economy, don't they?
Something beyond my brain can grasp...
I have a theory of why they act this way. People have grown up here and see that all people used to afford going to Thailand or other countries on vacation. But the fail to realize that we have become much much poorer this last 20 years.
We wont have the same economy as our parents.
Hmmm, not the most sensible financial decision :)
no but people dont realize that we have gotten so much poorer. Its actually insane how much value our money has lost.