Household living costs in Sweden increased by an average of 30 percent in 2022, according to Statistics Sweden.

In a new survey from Kantar Sifo, which the major bank Nordea commissioned in mid-January, 85 percent of a total of 1,037 people interviewed now state that they have adapted their finances to the new situation.

Reducing your electricity consumption and buying cheaper food are stated as the main measures.

But there are also certain items that it is especially important to cut back on.

And that's where restaurant visits and purchases of new clothes peak, according to the survey.

- Adapting your economy to the sharpest cost increases since the 90s is like a new popular movement, says Anders Stenkrona, savings economist at Nordea in a press release.

The children's activities take precedence

At the same time, the children's leisure activities were the expense that basically no one wanted to reduce, according to the survey.

- Parents are prepared to reduce their own comforts quite a bit before cutting back on their children's leisure activities, says Anders Stenkrona.

The survey also shows that reduced savings is the most common way to free up or get more money to meet the cost increases, and then mainly among people with lower incomes.

Only one in a hundred state that they have taken out loans to pare the rising expenses.

- The vast majority seem to agree not to take out loans to deal with the heavy inflation.

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Photo: TT