A recent survey by Danske Bank indicates that only one in five Finns trust their own financial situation to a large extent. This survey also shows that the financial peace of mind among Finns is at its lowest point since 2018. The concern about their own financial situation is increasing in Finland, while it is decreasing in other Nordic countries. This trend has left many Finns worrying about whether their money will be enough for everything they need on a monthly basis.
Students in Finland are particularly impacted by this financial uncertainty, with their financial peace of mind being significantly weaker than the general population. This trend is especially prevalent among students over the age of 24. Despite these concerns, Finns are less troubled by assets and long-term debts compared to their peers in other Nordic countries.
The survey conducted by Danske Bank involved around 3,000 participants and was conducted electronically through YouGov’s consumer panels. It was carried out in Finland, Sweden, Norway, and Denmark, with noticeable differences found between Finland and the other Nordic countries. While economic worries have decreased in other countries and financial peace of mind has improved, Finns continue to express high levels of concern about their financial stability.
According to Danske Bank’s chief economist, Pasi Kuoppamäki, the differences in financial worries between Finland and other Nordic countries can be attributed to varying levels of debt and assets among households. Despite the challenges, Danske Bank’s Finland country manager, Jens Wiklundin, believes that creating a vision of a successful Finland and clear steps for achieving it can help restore confidence and financial peace of mind among individuals in the country.