One in four Norwegians does not own a credit card

Wallet credit cardsPhoto: Jon Olav Nesvold / NTB

A total of 1,088,295 adults in Norway do not own credit cards. “Everyone else” has NOK 154 billion in total credit debt.

Celebrity economist Hallgeir Kvadsheim believes the number of adults without credit cards is high.

“The temptation to spend money you do not have is great with a card like that, and if you struggle with low impulse control, then it may be okay not to have it,” Kvadsheim told P4.

The debt register shows that the nearly 3.2 million Norwegians who own credit cards have a total of NOK 154 billion in unsecured debt. The register was introduced in 2019.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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