In 2024, Swedish households saw their net wealth rise by approximately 1,900 billion kronor, driven by a notable asset growth of 7.3%. Despite five interest rate cuts by the Riksbank from 4% to 2.5%, household debt increased only modestly by 1.6%. SEB economist Americo Fernandez noted that while households are gradually increasing their debt appetite, they remain cautious compared to pre-2022 levels. The fourth quarter, however, ended on a bleak note with a decrease in net wealth, influenced by stock market volatility and falling property prices, indicating an uncertain outlook for household financial health and economic recovery.
The net wealth of households grew by around 1,900 billion kronor, a sign that assets are increasing faster than debts.
Despite policy rates falling, there has been a restrained attitude towards household debt, which may hinder economic recovery.
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