The Wealth and Debt of Danish Families - Part 1
Monetary review, 2nd Quarter 2012
Compared with other countries, Danish households have a very high debt-toincome
ratio. Internationally, this has attracted considerable negative attention.
The wealth and debt of Danish families are analysed in more detail in Part 2 of
this Monetary Review. Danish families are frequent users of the financial system,
since gross debt is generally offset by even larger assets. The balance between
gross debt and assets can be explained especially in terms of family income, age,
house prices and the structure of the pension system. Given the current
economic outlook, the extent of the actually indebted families cannot be
assumed to pose a threat to the household or the financial sector.