The Local Sweden

Sweden is home to more dollar millionaires than ever

Tue, 19 Jun 2018 10:28:25 +0200

More Swedes than ever are dollar millionaires as the country rises in a global ranking.

Does Sweden's tax system really screw the rich?

Thu, 11 Jan 2018 15:56:10 +0100

People tend to believe two things about Swedish taxes: firstly, that they are extremely high and, secondly, that Swedes pay them readily because of the high level of public services they receive in return and their commitment to the welfare state.

Sweden ranked top for sustainable competitiveness

Tue, 14 Nov 2017 11:11:50 +0100

Sweden has been ranked top of an index assessing social, environmental and economic development, with the other four Scandinavian nations completing the top five.

Sweden's wealth inequality exposed by new research

Thu, 16 Feb 2017 18:14:02 +0100

A new survey has exposed Sweden's growing wealth gap, with the number of houses in the middle income bracket in the country falling in all but four of its municipalities between 2011 and 2015.

Swedish households are now richer than ever

Thu, 22 Dec 2016 15:56:27 +0100

Swedes are richer than ever before, but household debt in the country continues to grow at the same time, new statistics from one of the country’s major banks show.

Swedes are fourth richest people in Europe

Tue, 29 Sep 2015 18:31:48 +0200

UPDATED: Swedish residents remain the fourth wealthiest people in Europe, according to a global report released on Tuesday. But the study also highlighted inequality in the Scandinavian country.

Need more space? Check out Sweden's priciest flat

Fri, 24 Apr 2015 12:23:14 +0200

Is money burning a hole in your pocket? Sweden's most expensive apartment in history could help you offload some cash.

The paradox Sweden's 'lower' taxes - explained

Tue, 22 Oct 2013 16:23:00 +0200

Tax cuts have long been the hallmark of Sweden's Moderate Party. Why then, is the party no longer campaigning on a promise to reduce taxes further? Liberal commentator Nima Sanandaji explains.

Stockholm in top ten of EU's richest regions

Sun, 24 Mar 2013 11:02:00 +0100

Stockholm has been named among the top ten richest regions in the European Union according to a new study published in the Svenska Dagbladet daily on Sunday.

Reinfeldt blames wealth gap on Social Democrats

Mon, 18 Feb 2013 18:29:00 +0100

Prime Minister Fredrik Reinfeldt blamed the Social Democrats for Sweden's growing wealth gap following the publication on Monday of a report showing that Swedes are nevertheless much better off today than they were a decade ago.

Swedes enjoy four decades of prosperity

Tue, 06 Sep 2011 18:51:00 +0200

While Swedish households have seen their wealth grow in the past four decades, many Swedes have seen their debts increase as well, according to new figures.

‘Dollar’ millionaires hit record high in Sweden

Thu, 23 Jun 2011 16:03:00 +0200

The number of Swedish “dollar” millionaires reached a staggering 60,900 last year, signifying an increase in Sweden by 26 percent, according to the annual World Wealth Report, carried out by companies Cap Gemini and Merrill Lynch.

The 'American dream' is actually Swedish: study

Wed, 03 Nov 2010 19:00:00 +0100

While US voters shunned the Democratic Party's traditionally redistributive policies in Tuesday's mid-term elections, most Americans actually prefer a wealth distribution model similar to Sweden's, writes the AFP's Andrew Beatty.

Swedes get wealthier in 2010

Mon, 21 Jun 2010 14:30:00 +0200

Swedes’ personal wealth increased 2.8 percent to 6,990 billion kronor in the first quarter of 2010, according to SEB bank. The figure means Swedes are richer than ever before.

Swedish household wealth rebounds: study

Thu, 24 Sep 2009 17:42:00 +0200

Swedish household wealth has rebounded strongly in 2009 and has now clawed back half of the 976 billion kronor ($143 billion) fall in the wake of the stock market crash.

Currency woes hit Swedish wallets

Mon, 29 Dec 2008 10:50:00 +0100

The recent devaluation of the Swedish krona has made the nation poorer. If the currency's 15 percent decline against the euro stands there is a risk of Sweden dropping down the OECD wealth league table, analysts predict.

Swedes' assets shed billions in value

Thu, 18 Dec 2008 15:42:00 +0100

Swedish households’ net wealth fell by 6.6 percent, or 185 billion kronor ($24.3 billion), during the third quarter of 2008, with losses from shares and funds accounting for 45 percent of the drop.

Tough times hit Sweden's billionaires

Fri, 14 Nov 2008 12:09:00 +0100

Despite their billions, Sweden’s wealthiest individuals have shown that not even they can withstand the effects of the financial crisis coupled with a dismal year on the stock market.

Billionaire offers big reward for missing Swedish dog

Fri, 15 Aug 2008 10:34:00 +0200

An anonymous billionaire has offered 100,000 kronor ($15,876) to aid the recovery of a stolen Swedish dog, according to reports.

More Swedes become dollar millionaires

Tue, 24 Jun 2008 18:54:00 +0200

There are more truly wealthy people in Sweden than ever before.