One in four Norwegian households financially hit by the corona crisis

Kroner dollar euroPhoto: Lise Åserud / NTB

A total of 360,000 Norwegian households had lower incomes in June than before the pandemic, according to a report by the Norwegian Institute for Consumer Research (SIFO).  

SIFO’s report shows that out of 2.4 million Norwegian households, 430,000 were still financially affected by the pandemic crisis in June. 

At the same time, 15% of the households received lower incomes than before the crisis, according to Norwegian Broadcasting (NRK).

That especially applies to low-income groups, people with insecure employment contracts, low education, and the self-employed.

“The economic consequences here are quite large, we see increases in the proportion of those who have problems with paying, and we see that those who have been affected by corona are most at risk of having such problems,” researcher Christian Poppe at SIFO noted. 

Also, 15% of households reported that they had no savings at the end of June, compared to 9% in May.

© NTB Scanpix / #Norway Today

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