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economy

Hard to make pay packet last for quarter of Swedes

Published lördag 25 augusti 2012 kl 12.15
Photo: Anders Wiklund/Scanpix.

Almost a quarter of Swedes run out of cash each month before they get paid, according to a new survey.

23 percent have already spent the last month's wages by the time the next pay packet arrives, according to the Gallup survey for Nordea bank.

Swedes between the ages of 26 and 39 find it most difficult to make ends meet, according to the survey, and Nordea economist Ingela Gabrielsson tells newspaper Svenska Dagbladet that could well be due to increased costs involved with young children and mortgages at that age.

She says she is also worried by the figure that 63 percent of those that have problems making the money last all month are not actually doing anything about it.

"Banks have to do more to help. People have to dare to ask for help", Gabrielsson told SvD.

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