Financial status of households 2004-2009

  • Statistical Series
  • 21. May 2010
  • Vol 95, Issue 39
  • ISSN: 1670-4509

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In the Statistics Iceland SILC survey 2009, 7.1% of households said they were in arrears on mortgage or rent payments in the past 12 months and 10.3% of households were in arrears on other loans during the same period. In 2009, 39% of households were struggling to make ends meet. Around 15% of households said that housing cost was a heavy burden and a similar proportion said that payments of other loans were a heavy burden. Just below 20% of households could not meet unexpected expenses of 130,000 ISK with the usual household budget in 2009.

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