• Sweden edition
 
Swedish women battle mounting debts

Swedish women battle mounting debts

Published: 30 May 2011 15:46 GMT+02:00
Updated: 30 May 2011 15:46 GMT+02:00

"Traditionally men's debt has dominated, but in 2010 we detected indications that women's percentage share of unpaid SMS loans had increased. Last year women stood for 50 percent of the cases," said Cecilia Fredholm at the authority.

Fredholm explained the situation in that consumer habits and society have changed.

"Not that long ago, white goods were the only things you could buy on credit, today you can buy clothes, food and petrol and pay after the fact," she said.

The authority identifies the trend as particularly concerning as women often lack savings as a result of pay disparities and weaker social networks.

"Our conclusion is that women are more exposed when they experience problems with their private finances," Fredholm said in a statement.

Fredholm is heading a project to target female debt and as part of this push, the authority has announced the launch of a new website.

The website contains collated information and concrete advice to enable women to get their financial house in order. Furthermore there are testimonies from other women who have experienced similar precarious financial straits.

The survey showed that are significant regional disparities with regards to SMS debt defaults, with women in Jämtland, Halland and Kronoberg counties particularly vulnerable to default.

The authority appealed other actors in Swedish society for more help in disseminating information to Sweden's women.

"We need help to spread information and communicate knowledge," Cecilia Fredholm said, underlining that knowledge is crucial to addressing the situation.

Peter Vinthagen Simpson (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

17:03 May 30, 2011 by bs3eggs
sms loans should be banned or at least replaced by credit cards with controlled interest rates. This is nanny state stuff this is just to give people low cost credit options that dont totally screw there finances. sms loans are loan sharks
17:11 May 30, 2011 by kenny8076
So when women have a bad time its time for change and help..... but previously men were over 50% of the problem with debt and no one says anything...... hate the discrimination!! When it comes to employment, child support, kids, or money in general women are spoon fed....... but yet demand "independence", whacky system both here and in the States,
18:27 May 30, 2011 by swedejane
Ha...good point kenny8076.

This is the first I've heard of an sms loan. I think I'll stay away.
21:37 May 30, 2011 by Renfeh Hguh
Why target women's debt? They want equality and are now they are getting it, so they should be happy.

Oh yeah, equality is only good when it suits.
07:34 May 31, 2011 by luke123
The Swedish pimpocracy:

http://maggiemcneill.wordpress.com/2010/12/18/the-swedish-pimpocracy/

"The Swedish government only "promotes" feminism as a domineering pimp "promotes" a whore: As a commodity to be bought, sold or traded for its own purposes. Sweden views women as a natural resource to be exploited in much the same way as it exploits timber, hydropower and iron ore, and its leaders only mouth platitudes about "equality" to keep female Swedish voters happy so they can stay in power. Its dismal record on rape and its tyrannical efforts to reduce whores to slaves of its bloated welfare state demonstrate that Sweden doesn't actually care about the welfare of individual women, but rather only about the political support of women collectively. "
17:50 June 1, 2011 by philster61
Renef hguh...

You took the words right out of my mouth. They want equality , well with equality comes expense. Perhaps they might wish to cut back on the expensive cosmetic makeovers and surgery.... Then they might begin to appreciate what equality means...
14:25 June 2, 2011 by Frank Arbach
With respect to previous posters, I don't think getting into debt is anything to score "sexual equality" points over.

Debt really could destroy anyone's life and I think much more education is needed to encourage people to make better decisions in managing finance

The other side of the coin is companies should take some of the responsibility also.
19:41 June 2, 2011 by Maggie Malay
@ Frank Arba

"..companies should take some of the responsibility also" Absolutely!
19:42 June 2, 2011 by Grokh
i really dont like that society became this debt to live, makes people slaves to banks.
Today's headlines
SAS resumes flights from Stockholm to Tel Aviv
File photo: Johan Nilsson/TT

SAS resumes flights from Stockholm to Tel Aviv

SAS Scandinavian Airlines has resumed flights from Stockholm to Tel Aviv after the airline completed a 'thorough security analysis' of the situation in Israel. READ  

Swedish man stabs woman and kills himself
A Stockholm police car. File photo: TT

Swedish man stabs woman and kills himself

A man and a woman, reported to be both 45-years-old, were found dead on Thursday in an apartment on Lidingö in Stockholm with police suspecting a murder and suicide. READ  

Police fear arson after Sweden mosque fire
Central Norrköping in eastern Sweden. Photo: Stefan Vilcans

Police fear arson after Sweden mosque fire

Swedish police suspect arson after buildings at a mosque in Norrköping in eastern Sweden burned down in the early hours of Friday morning. READ  

Opinion
'Moving wasn't a choice, Sweden called to me'

'Moving wasn't a choice, Sweden called to me'

Caught in an identity limbo and surrounded by often apathetic "love refugees", The Local's resident Swedophile Solveig Rundquist wonders if she's the only expat who moved to Sweden for the culture alone. READ  

Swedish inmates to receive digital tablets
Photo: Hasse Holmberg/TT

Swedish inmates to receive digital tablets

Sweden's Prison and Probation Services are beginning a project in which suspected criminals will be given surf tablets to look at evidence against them. READ  

Snake hunt after man claims playground bite
The Swedish adder. Photo: Piet Spaans

Snake hunt after man claims playground bite

A man claimed to have been bitten by a poisonous snake at a paddling pool in Gothenburg on Thursday prompting a hunt which ended without a trace of the offending reptile. READ  

Stockholmers sound off on 'beautiful Swedes'
Swedish girls in Stockholm. Photo: Susanne Walström/Imagebank Sweden

Stockholmers sound off on 'beautiful Swedes'

Following a Nordic survey in which Swedes were voted the "most attractive", The Local hit the streets to see what Stockholmers thought. READ  

Sweden keeps eye on Norway bomb threat
Norwegian police car at Oslo Gardemoen Airport. Photo: TT

Sweden keeps eye on Norway bomb threat

The Swedish Security Service (Säpo) have said that an "imminent terror threat" to neighbouring Norway doesn't yet affect Sweden although developments are being closely followed. READ  

Seven-year-old Swede cycles to Berlin
The Blomdahl family in Berlin. Photo: Private

Seven-year-old Swede cycles to Berlin

Edvin Blomdahl is seven-years-old. He also cycled from Sweden to Berlin, a journey of 370 kilometres, in four days. READ  

Opinion
'Gaza conflict needs help, not empty rhetoric'
Demonstrations at Sergels Torg in Stockholm. Photo: Kent Vilhelmsson

'Gaza conflict needs help, not empty rhetoric'

As the rhetoric rises at demonstrations in Swedish cities, Stockholm-based Israeli writer David Stavrou calls on Swedes to think before they shout and to cast a critical eye over much that is written and said about the conflict in Gaza. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Society
Swedes voted 'most beautiful' in the Nordics
Business & Money
Sweden demands EU clarity on Bitcoin tax
National
Swedish organic sales enjoy 'amazing' growth
Photo: Johan Nilsson/TT
Society
What's On in Sweden
Gallery
People-watching July 23
Blog updates

24 July

Sharing our Pride: Celebrating Love & the LGBT Community! (Stockholm in my American Heart) »

"It’s mid- July in Stockholm, and with much of the city on vacation, things can seem a little quiet – the streets, the bus, and the grocery store. One thing that has not paused for a summer break, though, is preparation for Stockholm’s Pride Festival, which will take place from July 28 to August 2...." READ »

 

22 July

Det (The Swedish Teacher) »

"Hej! “Det” is a personal pronoun that can be used in many ways, and it might me confusing if you always translate “det” to English “it”. In this article I will do my best to guide you to how to use “det”. Det replacing a word, a phrase or a clause Let us begin with the less confusing..." READ »

 
 
 
National
Swedish cops elect not to shoot 'angry elks'
Business & Money
New alcohol retail rules threaten micro-breweries
Gallery
People-watching Båstad
Business & Money
Sweden falls to third in global innovation index
Society
Swedish ornithologists keep webcam watch
Photo: Andreas Nordström/Image Bank Sweden
Gallery
Top ten Swedish beach hot spots
Tech
Swedish Wiki vet sets new content record
Photo: Fastighetsbyrån
Lifestyle
In Pictures: The Local's Property of the Week
Photo: Finest.se
Gallery
People-watching July 15-16
Photo: Ola Ericson/Image Bank Sweden
Society
What's On in Sweden
Photo: Lisa Mikulski
National
Hope springs eternal for expat pet shop owner
Gallery
Princess Estelle steals limelight at mum's birthday
National
Swedes risk infants' lives by covering up prams
National
Swede runs for office just using Bitcoin funds
Gallery
People-watching July 11-13
National
Malmö mayor slams Danish beggar ban
National
Swedish anti-abortion midwife sues county
National
Swede's salary chopped for Facebook use
Sponsored Article
Introducing... Your finances in Stockholm
Sponsored Article
Introducing... Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

717
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se