Finnish households are among Europe’s most financially secure, according to the Genworth Index, a comparison of financial vulnerability in 14 European countries and Australia, Canada, Mexico, and the United States. The levels of financial security in Finland have remained extremely stable over the three years that Finland has been included on the index.
According to the Genworth Index, the number of financially secure households increased by 1% from the previous year to 12%. The number of households that believed their financial situation would improve grew by 3% to 28%. Finland was ranked the fifth most secure among the countries in the index with a score of -4. The average index score of 19 points across all 18 countries the balance remains tipped slightly towards relative consumer financial vulnerability rather than security.
The Genworth Index has tracked consumer financial vulnerability since 2007 in a survey of nearly 14,000 households.
Source: Taloussanomat, Genworth Index