The Danes' consumption and saving patterns are still affected by the financial crisis

News - June 2017 - No. 7

Authors Danmarks Nationalbank
Subject household balance sheets; Economic activity and employment
Type News
Year 2017
Published 29 June 2017
7-8 years after the onset of the financial crisis, it is still affecting the Danes’ consumption and saving patterns. The vast majority of Danish households reduced their consumption immediately after the onset of the financial crisis, but since then diverging patterns have been seen for net savers and net borrowers among the households.