Households’ net financial assets remained almost unchanged in the third quarter of 2022release | Financial accounts 2022, 3rd quarter
According to Statistics Finland, households’ financial assets decreased by EUR 3.6 billion from the previous quarter and amounted to EUR 365.1 billion in the third quarter of 2022. In turn, households’ debts contracted by EUR 3.1 billion in the third quarter of 2022 and were EUR 199.7 billion. As a result of these changes, households' net financial assets decreased by EUR 0.4 billion to EUR 165.4 billion. Net financial assets refer to the difference between financial assets and liabilities.
- Households' indebtedness ratio fell by 0.3 percentage points from the previous quarter.
- Holding losses decreased households’ financial assets.
Households’ indebtedness ratio
Households’ financial assets grew by EUR 1.1 billion in the third quarter of 2022 and were EUR 172.6 billion. However, households' indebtedness ratio fell by 0.3 percentage points from the previous quarter to 133.6 %. Households' indebtedness ratio is calculated as the ratio of their loan debts at the end of a quarter to their total disposable income during the preceding four quarters.
Holding losses decreased households’ financial assets
During the third quarter of 2022, households increased their net investments in financial assets by EUR 0.2 billion. Households' net investments increased most in deposits and mutual fund shares. Even though households' net investments in financial assets increased, holding losses caused a decrease in the total level of financial assets.
Revisions to the sectors' financial assets from the first publication, EUR million
Revisions to the sectors' debts from the first publication, EUR million
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- Debtor sector
- Debtor sector