Norwegians have cautious faith in their private finances in 2020

Money fixed interestNorwegian bank notes, Photo: Norway Today Media

Despite several interest rate increases in 2019, most Norwegians have cautious belief in their own private finances in the coming year.

More than half do not believe there will be any change in their own private finances, while 26 per cent believe in improvement, according to a new survey from Respons Analyse on behalf of SpareBank 1. 15 per cent believe their economy will be worse.

The belief in the future is particularly clear when it comes to housing prices, according to the survey. 57 per cent believe prices will rise, while only 9 per cent believe a fall in house prices. The rest believe prices will remain more or less unchanged.

Younger people are generally more positive about the economic outlook than older people.

The survey was conducted electronically by a nationally representative sample of 1029 people over the age of 18 between December 4th and 11th.

© NTB Scanpix / #Norway Today


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