According to Statistics Norway, most low-income households have relatively little wealth and own their own homes less often than don’t have low incomes.
There are also very few low-income households that own shares or other securities, according to Statistics Norway (SSB).
In total, 14.2% of all private households had low income in 2018.
According to Statistics Norway, there are many who have both low income and low wealth among households that receive social assistance.
That also applies to households where the main income earner is long-term unemployed or has reduced working capacity and among households where the main income earner has a refugee background.
Furthermore, there are relatively large proportions of those with both low income and low wealth among households consisting of young people living alone and single providers with children.
© NTB Scanpix / #Norway Today