Well, on the other hand, when you're in debt, you're sort of forced to work harder to settle it. So it could be an incentive at the end of the day :) If they just saved money and then travelled, they'd get lazy :)
Problems is that people dont realize how much you actually pay for a loan. You dont just pay the debt, you pay off interest as well and these typ of loans isnt cheap.
That's why it is better for the Swedish economy than saving first and travelling then.
You borrow 5k euro, you pay back 6k euro and you need to work hard in the meanwhile :) Better than if you were saving (i.e. not spending on services and goods) :)
Banks and financial institutes is always out to keep the money they make. Look at what happend to Nordea when some swedish politicians talked about making a bank tax to limit how much the banks can profit.
I dont trust the bank to actually do what is best for me.
Haha they failed to realize this ^^
But honestly is this showing the deep cracks we have in my country just waiting to destroy our entire economy.
Well, on the other hand, when you're in debt, you're sort of forced to work harder to settle it. So it could be an incentive at the end of the day :) If they just saved money and then travelled, they'd get lazy :)
Problems is that people dont realize how much you actually pay for a loan. You dont just pay the debt, you pay off interest as well and these typ of loans isnt cheap.
That's why it is better for the Swedish economy than saving first and travelling then.
You borrow 5k euro, you pay back 6k euro and you need to work hard in the meanwhile :) Better than if you were saving (i.e. not spending on services and goods) :)
I would not say its better for the swedish economy. Its mostly better for the loan institutes. Less money to spend on the rest of the economy.
They would likely be local, though. And they (their employees and management) spend money within the economy, don't they?
Banks and financial institutes is always out to keep the money they make. Look at what happend to Nordea when some swedish politicians talked about making a bank tax to limit how much the banks can profit.
I dont trust the bank to actually do what is best for me.