Debts today make up a significantly larger part of household income compared to 30 years ago.

The prices of houses and condominiums have slowly started to fall - but the high debts remain.

Many people with mortgages are now affected by the Riksbank implementing the largest increase in the key interest rate since the 90s.

Today, the key interest rate is 1.75 percent.

Half a million Swedes may have to move

The question is how households will handle the higher interest costs.

When Novus asks how a doubling of the interest rate can affect private finances, 4 out of 10 answer that they can afford it.

In February this year, 6 out of 10 answered that they could afford double interest costs.

Seven percent say they may have to move.

- Seven percent may sound like a little, but it is about half a million adult Swedes, says Torbjörn Sjöström, CEO of Novus.

The crisis has not reached its peak

Although a third of respondents say they will have to cut back on consumption when interest rates rise, there is still a majority who do not think they need to change their consumption habits.

It can possibly be explained by the fact that the economic crisis has not yet reached its peak.

- The private economy hasn't actually changed that much yet.

Just worry about it, says Torbjörn Sjöström.

See Ekonomibyrån's "Räntesmokan" in SVT play.

Javascript is disabled

Javascript must be enabled to play video

Read more about browser support

What does the increased interest rate mean for people?

For some, the situation is terrifying.

Photo: Alice Loth/SVT